HJ ShipBuilding & Construction Co Ltd (097230) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of HJ ShipBuilding & Construction Co Ltd KRW 11,492, price KRW 14,660, upside -21.6%, quality 36 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch HJ ShipBuilding & Construction Co Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range 2,205 KRW – 33,350 KRW · fair‑value band 9,304 KRW – 14,954 KRW · the 14,660 KRW price screens above the 11,492 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Follow HJ ShipBuilding & Construction Co in your weekly email
Every Wednesday you see whether HJ ShipBuilding & Construction Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
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. It also provides shipbuilding services, such as warships, special purpose ships, and commercial ships.
Show more
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. 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 14,660 KRW, while our model-based Fair Value estimate is 11,492 KRW, implying the stock looks roughly 27.6% overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 14,973 KRW per share, and 3 of the 13 models we run sit above the 14,660 KRW price.
Bear case: the Earnings-Based group reads lowest at 4,734 KRW, and 10 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: 9,304 KRW (bear) to 14,954 KRW (bull), the price of 14,660 KRW sits inside 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 1.3T KRW (≈ $927M) · P/S ratio 0.64 · Net margin 2.6% · Return on equity 13.7% · Return on assets (EBIT) −0.9% · Operating margin 4.5% · Revenue (TTM) 2.1T KRW · Revenue growth (YoY) +32.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 55% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −22%, 097230 screens cheaper than that median.
Fair Value models
Bear 9,304 KRWFair Value 11,492 KRWBull 14,954 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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 19.0%/yr over ~6Y (margins eroding too) ⓘ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.
Compare HJ ShipBuilding & Construction Co Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 844 stocks
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). "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 Sep 23, 2026, our model estimates a fair value of 11,492 KRW versus a price of 14,660 KRW, about −22% upside (overvalued).
What is the fair value of 097230?
Our model-based fair value for HJ ShipBuilding & Construction Co Ltd is 11,492 KRW (as of Sep 23, 2026), built from audited fundamentals. The current price: 14,660 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 11,492 KRW (as of Sep 23, 2026) from 13 valuation models. Cautious scenario 9,304 KRW, optimistic scenario 14,954 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 11,492 KRW, about −22% upside versus a price of 14,660 KRW (overvalued). Cautious scenario 9,304 KRW, optimistic scenario 14,954 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 2.1T KRW (latest available figure, as of Sep 23, 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 11,492 KRW per share (as of Sep 23, 2026), against a price of 14,660 KRW. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is HJ ShipBuilding & Construction Co Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 097230 trades above its calculated fair value: price 14,660 KRW, fair value 11,492 KRW, a gap of about −22% (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 (14,660 KRW); the fair value is what the company's own numbers justify (11,492 KRW). For HJ ShipBuilding & Construction Co Ltd the two are 3,168 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 1.3T KRW (market capitalisation, as of Sep 23, 2026). Per share that is 14,660 KRW; our models calculate a fair value of 11,492 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 9,304 KRW, base 11,492 KRW, optimistic 14,954 KRW per share (as of Sep 23, 2026, price 14,660 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of HJ ShipBuilding & Construction Co Ltd (097230)?
Balance-sheet figures for HJ ShipBuilding & Construction Co Ltd (as of Sep 23, 2026): return on equity 13.7%, 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 14,660 KRW, about 55% below its 52-week high of 32,650 KRW and 3% above the low of 14,290 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 11,492 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, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 Sep 23, 2026: price 14,660 KRW, calculated fair value 11,492 KRW (−22%), 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 four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 11,492 KRW, 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 14.1 % 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 Sep 23, 2026 was 14,660 KRW. Our model-based fair value is 11,492 KRW, about −22% upside (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. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate 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 1.3T KRW (≈ $927M). 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 0.64 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of HJ ShipBuilding & Construction Co Ltd (097230)?
The net margin of HJ ShipBuilding & Construction Co Ltd is 2.6% (fiscal year 2025). 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 13.7% (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 4.5% (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 +32.0% 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.
Free · no account needed
Watch HJ ShipBuilding & Construction Co Ltd in the live analysis
One click puts HJ ShipBuilding & Construction Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
