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Hansae Co (105630) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 352B KRW (≈ $246M) · ISIN KR7105630008

What is Hansae Co really worth?

HC Hansae Co 105630 · KO
Price9,110 KRW
Fair Value26,313 KRW
Upside+188.8%
Quality50/100

A solid business, trading 65% below our fair value of 26,313 KRW.

As of Aug 15, 2026, the fair value of Hansae Co is 26,313 KRW per share against a price of 9,110 KRW, so the fair value sits 189% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Weak Growth (revenue 5y +2.7 %/yr)
!Thin margins · 2.3% net margin
!Low debt · negative free cash flow
!Mixed vs. peers (4/9)
!Narrow moat 31/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 25 out of 100

For context

·6.59% dividend yield
Evidence: Medium Range 18,419 KRW – 34,207 KRW

Fair value as of: Aug 15, 2026

From 13 valuation models · updated 22 days ago

Share price +1.2% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (18,419 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (18,419 KRW to 34,207 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

25,485 KRW 7,900 KRW Fair Value 26,313 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.

How to read this chart

60‑month range 7,900 KRW – 25,485 KRW · fair‑value band 18,419 KRW – 34,207 KRW · the 9,110 KRW price screens below the 26,313 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

Hansae Co (105630) currently trades at 9,110 KRW, while our model-based Fair Value estimate is 26,313 KRW, implying the stock looks roughly 65.4% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Multiples group reads highest at a median of 31,984 KRW per share, and 12 of the 13 models we run sit above the 9,110 KRW price. Bear case: the Asset-Based group reads lowest at 12,499 KRW, and 1 of the 13 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Hansae Co generated revenue of 1.9T KRW at a net margin of 2.3%. It earns a return on equity of 6.2%. Net debt stands at 257B KRW. Fundamentals as of Aug 15, 2026

Our scenario range runs from 18,419 KRW (bear case) to 34,207 KRW (bull case); at 9,110 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 38% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −17% fair-value upside, at 189%, 105630 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Residual Income best evidence 15,700 KRW 16,875 KRW 20,003 KRW 76
EPV 18,018 KRW 20,366 KRW 22,453 KRW 74
ROIC Compounder 18,018 KRW 21,098 KRW 25,102 KRW 72
All 13 models by family
Earnings-Based
Graham-Dodd 9,886 KRW 24,706 KRW 32,054 KRW 65
PEG = 1.0 4,518 KRW 6,455 KRW 8,391 KRW 57
EPV 18,018 KRW 20,366 KRW 22,453 KRW 74
Multiples
P/E Multiple 23,988 KRW 31,984 KRW 39,980 KRW 63
P/S Multiple 18,536 KRW 24,715 KRW 30,893 KRW 58
P/B Multiple 18,536 KRW 24,715 KRW 30,893 KRW 55
EV/EBIT 33,309 KRW 42,840 KRW 52,372 KRW 66
EV/EBITDA 34,439 KRW 44,348 KRW 54,256 KRW 67
EV/Revenue 23,989 KRW 32,250 KRW 40,510 KRW 54
Asset-Based
NCAV (Graham) 9,328 KRW 12,499 KRW 18,656 KRW 54
Economic Profit
Residual Income best evidence 15,700 KRW 16,875 KRW 20,003 KRW 76
ROIC Compounder 18,018 KRW 21,098 KRW 25,102 KRW 72
Growth Earnings
Growth-Adj P/E 18,419 KRW 26,313 KRW 34,207 KRW 67

Widest divergence: Multiples (31,984 KRW) versus Asset-Based (12,499 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

P/S ratio 0.18 TTM
Dividend yield 6.6%
Net margin 2.9% FY2025
Return on equity 6.2% TTM
Return on assets (EBIT) 10.5% avg 5y
Operating margin 2.2% TTM
More key figures
Growth
Revenue (TTM) 1.9T KRW TTM
EPS growth (YoY) −45.2%
Balance sheet & cash flow
Free cash flow −48.9B KRW FY2025
Net debt 257B KRW FY2025

Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 50 · Market factors (momentum, volatility) 36

Profitability 45
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 81
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Hansae Co., Ltd. manufactures and sells finished clothing products in Vietnam, Indonesia, Nicaragua, Guatemala, Myanmar, and Haiti. It exports its products to the United States and other countries. The company was founded in 1982 and is headquartered in Seoul, South Korea. Hansae Co., Ltd. operates as a subsidiary of Hansae Yes24 Holdings Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hansae Co reported revenue of 1.9T KRW in FY2025 versus 1.7T KRW in FY2021, a compound +3.8%/yr. Reported net income was 57.3B KRW in FY2025, compounding −4.0%/yr from FY2021.

Growth Quality 31/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.9T KRW
Latest YoY
+8.0%
Avg. revenue 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.
−4.1%
Avg. revenue 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.
+2.7%
Avg. revenue growth/yr (16Y) 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.
+5.5%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+6.9% · in KRW
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+0.3%
Dividend yield6.6%
Operating margin (EBIT) 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.3.8% (2020) → 4.3% (2025) · steady
Worst earnings drop101% (2019) (loss year, drop beyond 100%) · in KRW
Revenue +3.8%/yr
FY21 1.7T KRW
FY22 2.2T KRW
FY23 1.7T KRW
FY24 1.8T KRW
FY25 1.9T KRW
Net income −4.0%/yr
FY21 67.3B KRW
FY22 85.6B KRW
FY23 112B KRW
FY24 58.0B KRW
FY25 57.3B KRW

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Cite: Fair Value Calculator (2026). "Hansae Co Fair Value". https://www.fairvalue-calculator.com/stock/105630

Peer Group

Apparel Manufacturing · 214 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 50 · Below median
Fair Value upside +189% · Top 25%
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 0% · Below median
Dividend yield (TTM) 6.6% · Top 25%
Debt / equity 0.17× · Higher than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 25
FUTURE0 · sector 4
PAST25 · sector 20
HEALTH91 · sector 98
DIVIDEND100 · sector 54

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

Similar stocks

10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 175.50 kr 165.47 −6%
Ralph Lauren Corporation RL $396.35 $220.38 −44%
Moncler S.p.A MONC €46.15 €50.69 +10%
Gildan Activewear Inc GIL C$75.50 C$45.60 −40%
LPP SA LPP 21,340 PLN 17,754 PLN −17%
Levi Strauss & Co LEVI $21.05 $15.20 −28%
V.F. Corporation VFC $13.67 $10.44 −24%
Bosideng International Holdings 3998 HK$4.42 HK$5.92 +34%
Youngor Fashion Co 600177 ¥7.91 ¥5.59 −29%
Kontoor Brands, Inc KTB $82.01 $85.76 +5%

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Frequently asked questions

Is Hansae Co (105630) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of 26,313 KRW versus a price of 9,110 KRW, about +189% upside (undervalued).
What is the fair value of 105630?
Our model-based fair value for Hansae Co is 26,313 KRW (as of Aug 15, 2026), built from audited fundamentals. The current price: 9,110 KRW.
What is the quality score of 105630?
Hansae Co has a Quality Score of 50/100. 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 Hansae Co (105630)?
Our model-based price target is the fair value of 26,313 KRW (as of Aug 15, 2026) from 13 valuation models. Cautious scenario 18,419 KRW, optimistic scenario 34,207 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hansae Co stock forecast for 2026?
Our models put fair value at 26,313 KRW, about +189% upside versus a price of 9,110 KRW (undervalued). Cautious scenario 18,419 KRW, optimistic scenario 34,207 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hansae Co (105630)?
Hansae Co reported trailing-twelve-month revenue of about 1.9T KRW (latest available figure, as of Aug 15, 2026).
What is the net profit margin of 105630?
The net profit margin of Hansae Co is about 2.3%, meaning it keeps roughly 2.3% of revenue as net income. Based on the latest reported figures.
Does Hansae Co pay a dividend?
Hansae Co currently shows a dividend yield of about 6.59% relative to its recent price (as of Aug 15, 2026).
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