HJ ShipBuilding & Construction Co Ltd (097230) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of HJ ShipBuilding & Construction Co Ltd stock KRW 9,235, price KRW 11,310, that is 18.3% below the price, quality 36 out of 100. Rating: overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 2,205 KRW – 33,350 KRW · fair‑value band 8,106 KRW – 11,220 KRW · the 11,310 KRW price screens above the 9,235 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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HJ Shipbuilding & Construction Co., Ltd. engages in the construction and shipbuilding business in South Korea. The company offers architecture, housing, infrastructure, plant, and research and development services.
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It also provides shipbuilding services, such as warships, special purpose ships, and commercial ships. The company was founded in 1937 and is based in Busan, South Korea. HJ Shipbuilding & Construction Co., Ltd. operates as a subsidiary of Echo Prime Marine Pacific Co., Ltd.
Stock analysis
HJ ShipBuilding & Construction Co Ltd (097230) currently trades at 11,310 KRW, while our model-based Fair Value estimate is 9,235 KRW, 18% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 11,725 KRW per share, and 4 of the 13 models we run sit above the 11,310 KRW price.
Bear case: the Asset-Based group reads lowest at 4,936 KRW, and 9 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 8,106 KRW (bear) to 11,220 KRW (bull), the price of 11,310 KRW sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 36/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
HJ ShipBuilding & Construction Co Ltd reported revenue of 2.0T KRW in FY2025 versus 1.7T KRW in FY2021, a compound +4.0%/yr. Reported net income was 51.4B KRW in FY2025.
Key figures
Market cap 1.0T KRW (≈ $749M) Small · P/E ratio 7.3 · P/S ratio 0.43 · EPS (TTM) 1,557 KRW · Net margin 6.0% · Return on equity 25.6% · Return on assets (EBIT) −0.9% (5-year average) · Operating margin 9.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (medium confidence).
What moves the price
The share trades about 65% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −18%, 097230 screens cheaper than that median.
Fair Value models
Bear8,106 KRWFair Value 9,235 KRWBull11,220 KRW
Price 11,310 KRW · Downside -18.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1,331 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+6.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.8%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.4%
Start year 2020 (pandemic). Over 10 years: −4.2% a year
Revenue growth 18 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+2.8%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−24.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−24.4%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3% → 4%
⚠ Revenue per share shrinking 20.8%/yr over ~7Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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Peer Groupⓘ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.Engineering & Construction · 791 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside−18.3% · Below median
Profitability
Return on equity (12 months)25.6% · Top 25%
Return on assets2.1% · Below median
Net margin (12 months)6.0% · Above median
Operating margin (12 months)9.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)43.7% · Top 25%
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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Cite: Fair Value Calculator (2026). "HJ ShipBuilding & Construction Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/097230
Frequently asked questions
Is HJ ShipBuilding & Construction Co Ltd (097230) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 9,235 KRW versus a price of 11,310 KRW, about 18% lower (overvalued).
What is the fair value of 097230?
Our model-based fair value for HJ ShipBuilding & Construction Co Ltd is 9,235 KRW (as of Nov 6, 2026), built from audited fundamentals. The current price: 11,310 KRW.
What is the quality score of 097230?
HJ ShipBuilding & Construction Co Ltd has a Quality Score of 36/100. 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 price target for HJ ShipBuilding & Construction Co Ltd (097230)?
Our model-based price target is the fair value of 9,235 KRW (as of Nov 6, 2026) from 13 valuation models. Cautious scenario 8,106 KRW, optimistic scenario 11,220 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the HJ ShipBuilding & Construction Co Ltd stock forecast for 2026?
Our models put fair value at 9,235 KRW, about 18% lower versus a price of 11,310 KRW (overvalued). Cautious scenario 8,106 KRW, optimistic scenario 11,220 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of HJ ShipBuilding & Construction Co Ltd (097230)?
HJ ShipBuilding & Construction Co Ltd reported trailing-twelve-month revenue of about 2.4T KRW (latest available figure, as of Nov 6, 2026).
What is the intrinsic value of HJ ShipBuilding & Construction Co Ltd (097230)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HJ ShipBuilding & Construction Co Ltd it is 9,235 KRW per share (as of Nov 6, 2026), against a price of 11,310 KRW. It is the blended result of 13 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is HJ ShipBuilding & Construction Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 097230 trades above its calculated fair value: price 11,310 KRW, fair value 9,235 KRW, a gap of about −18% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 097230?
No. The price is what the market pays today (11,310 KRW); the fair value is what the company's own numbers justify (9,235 KRW). For HJ ShipBuilding & Construction Co Ltd the two are 2,075 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is HJ ShipBuilding & Construction Co Ltd worth?
The market values HJ ShipBuilding & Construction Co Ltd at about 1.0T KRW (market capitalisation, as of Nov 6, 2026). Per share that is 11,310 KRW; our models calculate a fair value of 9,235 KRW per share.
What do the bullish and bearish scenarios say about 097230?
Our models span a range for HJ ShipBuilding & Construction Co Ltd: cautious scenario 8,106 KRW, base 9,235 KRW, optimistic 11,220 KRW per share (as of Nov 6, 2026, price 11,310 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 097230?
HJ ShipBuilding & Construction Co Ltd trades at a price-to-earnings ratio of 7.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 9,235 KRW is built from several models across several years. Other multiples: P/B 1.5, P/S 0.4, EV/EBITDA 4.6.
How solid is the balance sheet of HJ ShipBuilding & Construction Co Ltd (097230)?
Balance-sheet figures for HJ ShipBuilding & Construction Co Ltd (as of Nov 6, 2026): return on equity 25.6%, debt of 0.07 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is 097230 from its 52-week high?
HJ ShipBuilding & Construction Co Ltd trades at 11,310 KRW, about 65% below its 52-week high of 32,650 KRW and at the low of 11,310 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 9,235 KRW is for.
Which stocks are comparable to HJ ShipBuilding & Construction Co Ltd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is HJ ShipBuilding & Construction Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price 11,310 KRW, calculated fair value 9,235 KRW (−18%), Quality Score 36/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 097230 calculated?
We run HJ ShipBuilding & Construction Co Ltd through 13 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 9,235 KRW builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. HJ ShipBuilding & Construction Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of HJ ShipBuilding & Construction Co Ltd (097230)?
The closing price on Nov 6, 2026 was 11,310 KRW. Our model-based fair value is 9,235 KRW, about 18% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HJ ShipBuilding & Construction Co Ltd right now?
Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. The price sits above our optimistic bull case: the favourable scenario is already priced in. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of HJ ShipBuilding & Construction Co Ltd
How large is the market capitalisation of HJ ShipBuilding & Construction Co Ltd (097230)?
The market capitalisation of HJ ShipBuilding & Construction Co Ltd is 1.0T KRW (≈ $749M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of HJ ShipBuilding & Construction Co Ltd (097230)?
The price-to-sales ratio of HJ ShipBuilding & Construction Co Ltd is 0.43 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of HJ ShipBuilding & Construction Co Ltd (097230)?
Earnings per share at HJ ShipBuilding & Construction Co Ltd are 1,557 KRW (price ÷ EPS = P/E 7.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of HJ ShipBuilding & Construction Co Ltd (097230)?
The net margin of HJ ShipBuilding & Construction Co Ltd is 6.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of HJ ShipBuilding & Construction Co Ltd (097230)?
The return on equity (ROE) of HJ ShipBuilding & Construction Co Ltd is 25.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of HJ ShipBuilding & Construction Co Ltd (097230)?
On an EBIT basis the return on assets of HJ ShipBuilding & Construction Co Ltd is −0.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of HJ ShipBuilding & Construction Co Ltd (097230)?
The operating margin of HJ ShipBuilding & Construction Co Ltd is 9.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HJ ShipBuilding & Construction Co Ltd (097230)?
Revenue at HJ ShipBuilding & Construction Co Ltd is growing +43.7% versus a year earlier (3y avg +3.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at HJ ShipBuilding & Construction Co Ltd (097230)?
Earnings per share at HJ ShipBuilding & Construction Co Ltd are growing +322% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does HJ ShipBuilding & Construction Co Ltd (097230) generate?
The free cash flow of HJ ShipBuilding & Construction Co Ltd is −5.1B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does HJ ShipBuilding & Construction Co Ltd (097230) carry?
The net debt of HJ ShipBuilding & Construction Co Ltd is 70.0B KRW (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 6, 2026