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Hanla IMS Co (092460) Fair Value & Analysis

Industrials · KR · Market cap 266B KRW

HI Hanla IMS Co 092460 · KQ
Price18,420 KRW
Fair Value23,362 KRW
Upside+26.8%
Quality58/100
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Mixed Growth
Solidly profitable · 11.4% net margin
Low debt · generates free cash flow
1.70% dividend yield
Ranks above peers (8/9)
Moderate moat 52/100
Evidence: High Range 15,090 KRW – 37,215 KRW Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 35,565 KRW to 23,362 KRW (−34.3%) since Jun 25, 2026. Share price +21.7% over the past month.

A solid business, screening 27% undervalued on our models.

What matters now

  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (15,090 KRW to 37,215 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

21,650 KRW 4,007 KRW Fair Value 23,362 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 4,007 KRW – 21,650 KRW · fair‑value band 15,090 KRW – 37,215 KRW · the 18,420 KRW price screens below the 23,362 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 →

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Analysis

Hanla IMS Co (092460) currently trades at 18,420 KRW, while our model-based Fair Value estimate is 23,362 KRW, implying the stock looks roughly 26.8% undervalued today. The Quality Score stands at 58/100 (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, Hanla IMS Co generated revenue of 86.8B KRW at a net margin of 11.4%. Revenue grew 109.3% year over year. Net debt stands at 1.2B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 15,090 KRW (bear case) to 37,215 KRW (bull case); at 18,420 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 16% below its 52-week high and 127% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -26% fair-value upside, at 27%, 092460 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 10,134 KRW 16,622 KRW 28,866 KRW 80
Residual Income 11,164 KRW 13,915 KRW 33,494 KRW 76
Rev-Margin DCF 13,599 KRW 23,369 KRW 36,629 KRW 74
All 24 models by family
DCF Models
FCF DCF 10,254 KRW 17,364 KRW 31,543 KRW 38
Owner Earnings 15,626 KRW 28,263 KRW 52,727 KRW 31
5Y Revenue Exit 13,599 KRW 23,857 KRW 38,474 KRW 39
5Y EBITDA Exit 14,696 KRW 26,225 KRW 41,378 KRW 41
5Y P/E Exit 20,024 KRW 37,726 KRW 59,068 KRW 38
10Y Revenue Exit 12,083 KRW 21,796 KRW 38,097 KRW 36
10Y EBITDA Exit 13,291 KRW 23,619 KRW 40,699 KRW 37
10Y P/E Exit 16,974 KRW 32,473 KRW 56,549 KRW 35
Earnings-Based
Graham-Dodd 10,130 KRW 54,537 KRW 75,582 KRW 54
Lynch FV 15,090 KRW 21,557 KRW 28,024 KRW 50
PEG = 1.0 15,090 KRW 21,557 KRW 28,024 KRW 46
EPV 14,736 KRW 16,803 KRW 18,641 KRW 59
Multiples
P/E Multiple 22,346 KRW 29,795 KRW 37,244 KRW 63
P/S Multiple 14,627 KRW 19,503 KRW 24,379 KRW 58
P/B Multiple 18,994 KRW 25,326 KRW 31,657 KRW 55
EV/EBIT 20,594 KRW 26,451 KRW 32,309 KRW 53
EV/EBITDA 17,361 KRW 22,141 KRW 26,921 KRW 54
EV/Revenue 14,866 KRW 19,943 KRW 25,020 KRW 43
Asset-Based
NCAV (Graham) 5,806 KRW 7,781 KRW 11,613 KRW 50
Growth DCF
Growth DCF 10,134 KRW 16,622 KRW 28,866 KRW 80
Rev-Margin DCF 13,599 KRW 23,369 KRW 36,629 KRW 74
Economic Profit
Residual Income 11,164 KRW 13,915 KRW 33,494 KRW 76
ROIC Compounder 16,393 KRW 22,337 KRW 29,184 KRW 72
Growth Earnings
Growth-Adj P/E 21,622 KRW 30,888 KRW 40,155 KRW 68

Widest divergence: Growth Earnings (30,888 KRW) versus Asset-Based (7,781 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 86.8B KRW
Revenue growth (YoY) +109%
Net margin 11.4%
Return on equity 900%
Free cash flow 8.5B KRW FY2025
Operating margin 9.1%
More key figures
Dividend yield 1.7%
EPS growth (YoY) +240%
Net debt 1.2B KRW FY2024

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 60 · Market factors (momentum, volatility) 62

Profitability 53
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 59
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

Hanla IMS Co., Ltd. provides integrated systems for shipbuilding and offshore plants, onshore plants, and green industries in South Korea and internationally. The company's Instrument division offers level instrumentations, cargo tank measuring systems, tank remote sounding systems, and loading computer systems.

Full company description

Hanla IMS Co., Ltd. provides integrated systems for shipbuilding and offshore plants, onshore plants, and green industries in South Korea and internationally. The company's Instrument division offers level instrumentations, cargo tank measuring systems, tank remote sounding systems, and loading computer systems. Its Environment division offers ballast water management systems under the Hanla Eco Guardian name. The company's LED division provides LED lighting products, lamps, modules, and displays. Hanla IMS Co., Ltd. was founded in 1989 and is headquartered in Busan, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hanla IMS Co reported revenue of 133B KRW in FY2025 versus 56.5B KRW in FY2021, a compound +24.0%/yr. Reported net income was 25.5B KRW in FY2025, compounding +58.9%/yr from FY2021.

Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
133B KRW
Latest YoY
+28.1%
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.
+10.6%
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.
+19.7%
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.
+9.1%
Revenue +24.0%/yr
FY21 56.5B KRW
FY22 98.6B KRW
FY23 78.9B KRW
FY24 104B KRW
FY25 133B KRW
Net income +58.9%/yr
FY21 4.0B KRW
FY22 8.2B KRW
FY23 71.7B KRW
FY24 13.7B KRW
FY25 25.5B KRW

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Cite: Fair Value Calculator (2026). "Hanla IMS Co Fair Value". https://www.fairvalue-calculator.com/stock/092460

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.

Quality Score 58 · Above median
Fair Value upside +27% · Above median
Return on assets 3% · Above median
Net margin (TTM) 11% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 109% · Top 25%
Dividend yield (TTM) 1.7% · Above median
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Machinery, Tools, Heavy Vehicles, Trains & Ships median · lower = cheaper

P/FCF 0.0× · 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 69 · sector 37
FUTURE 100 · sector 70
PAST 0 · sector 100
HEALTH 100 · sector 99
DIVIDEND 34 · sector 27

Insider activity: 40/100

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 Machinery, Tools, Heavy Vehicles, Trains & Ships stocks, each showing price versus our Fair Value estimate (as of Jul 20, 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%
BHI Co 083650 48,350 KRW 35,822 KRW -26%
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%

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Frequently asked questions

Is Hanla IMS Co (092460) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 23,362 KRW versus a price of 18,420 KRW, about +27% (undervalued).
What is the fair value of 092460?
Our model-based fair value for Hanla IMS Co is 23,362 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 18,420 KRW.
What is the quality score of 092460?
Hanla IMS Co has a Quality Score of 58/100. 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 Hanla IMS Co (092460)?
Hanla IMS Co reported trailing-twelve-month revenue of about 86.8B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 092460?
The net profit margin of Hanla IMS Co is about 11.4%, meaning it keeps roughly 11.4% of revenue as net income. Based on the latest reported figures.
Does Hanla IMS Co pay a dividend?
Hanla IMS Co currently shows a dividend yield of about 1.70% 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.

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