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LX Hausys Ltd Preferred (108675) Fair Value & Analysis

Industrials · KR · Market cap 167B KRW

LH LX Hausys Ltd Preferred 108675 · KO
Price18,580 KRW
Fair Value11,346 KRW
Upside-38.9%
Quality47/100
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Strengths

Low debt · generates free cash flow

Risks

!Trades 39% ABOVE our fair value of 11,346 KRW
!Weak Growth
!Loss-making · -0.3% net margin
!Trails peers (4/11)
Weak Growth
Loss-making · -0.3% net margin
Low debt · generates free cash flow
Trails peers (4/11)
Narrow moat 21/100
Evidence: High Range 8,459 KRW – 16,431 KRW Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 7 days ago

Fair value updated Aug 13, 2026, revised from 12,932 KRW to 11,346 KRW (−12.3%) since Jul 24, 2026. Share price +14.1% over the past month.

Below-average quality, and screening another 39% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (16,431 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (8,459 KRW to 16,431 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

44,223 KRW 12,476 KRW Fair Value 11,346 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 12,476 KRW – 44,223 KRW · fair‑value band 8,459 KRW – 16,431 KRW · the 18,580 KRW price screens above the 11,346 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

LX Hausys Ltd Preferred (108675) currently trades at 18,580 KRW, while our model-based Fair Value estimate is 11,346 KRW, implying the stock looks roughly 38.9% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, LX Hausys Ltd Preferred generated revenue of 3.2T KRW at a net margin of -0.3%. Revenue grew 4.3% year over year. It earns a return on equity of -1.3%. Net debt stands at 489B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 8,459 KRW (bear case) to 16,431 KRW (bull case); at 18,580 KRW, the current price sits above 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 8% below its 52-week high and 22% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -57% fair-value upside, at -39%, 108675 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 120,037 KRW 167,377 KRW 248,916 KRW 80
Rev-Margin DCF 44,532 KRW 56,195 KRW 72,341 KRW 74
Gordon GGM 10,291 KRW 11,264 KRW 12,747 KRW 70
All 14 models by family
DCF Models
FCF DCF 114,268 KRW 162,997 KRW 253,958 KRW 38
Owner Earnings 27,174 KRW 42,077 KRW 69,895 KRW 31
5Y Revenue Exit 44,532 KRW 53,261 KRW 65,709 KRW 39
5Y EBITDA Exit 135,935 KRW 211,201 KRW 311,234 KRW 41
10Y Revenue Exit 70,554 KRW 79,742 KRW 88,018 KRW 36
10Y EBITDA Exit 126,441 KRW 177,983 KRW 233,429 KRW 37
Dividend Discount
Gordon GGM 10,291 KRW 11,264 KRW 12,747 KRW 70
DDM Multi-Stage 10,291 KRW 12,984 KRW 16,710 KRW 61
Multiples
EV/EBIT 7,409 KRW 13,610 KRW 19,812 KRW 53
EV/EBITDA 176,442 KRW 238,988 KRW 301,535 KRW 54
EV/Revenue 2,082 KRW 7,773 KRW 13,464 KRW 43
Asset-Based
NCAV (Graham) 46,605 KRW 62,451 KRW 93,211 KRW 50
Growth DCF
Growth DCF 120,037 KRW 167,377 KRW 248,916 KRW 80
Rev-Margin DCF 44,532 KRW 56,195 KRW 72,341 KRW 74

Widest divergence: DCF Models (79,742 KRW) versus Dividend Discount (11,264 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.2T KRW
Revenue growth (YoY) +4.3%
Net margin -0.3%
Return on equity -1.3%
Free cash flow 115B KRW FY2025
Operating margin 5.6%
More key figures
EPS growth (YoY) +36.3%
Net debt 489B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 46 · Market factors (momentum, volatility) 49

Profitability 36
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 51
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

LX Hausys, Ltd., together with its subsidiaries, manufactures and sells building materials in South Korea and internationally. The company operates through two divisions, Building Materials and Automotive Materials/Industrial Film.

Full company description

LX Hausys, Ltd., together with its subsidiaries, manufactures and sells building materials in South Korea and internationally. The company operates through two divisions, Building Materials and Automotive Materials/Industrial Film. The company offers windows, wallpaper and wall coverings, flooring, interior film, interior stone, middle gate, door, kitchen, built-in system, board, and insulation products. It also provides automotive materials, which include automobile parts, automobile fabric, and deco sheets under the Sofino, Verno, Calfpelle, Lussino, and Lxello brand name; and industrial films comprised of decorative films, home appliance films, and advertising films. In addition, the company operates an online store. The company was formerly known as LG Hausys, Ltd. and changed its name to LX Hausys, Ltd. in July 2021. LX Hausys, Ltd. is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

LX Hausys Ltd Preferred reported revenue of 3.2T KRW in FY2025 versus 3.5T KRW in FY2021, a compound −2.2%/yr. Reported net income was −43.9B KRW in FY2025.

Growth Quality 25/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
3.2T KRW
Latest YoY
−11.0%
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.
−4.2%
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.
+0.9%
Avg. growth/yr (11Y) 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 −2.2%/yr
FY21 3.5T KRW
FY22 3.6T KRW
FY23 3.5T KRW
FY24 3.6T KRW
FY25 3.2T KRW
Net income
FY21 13.1B KRW
FY22 −117B KRW
FY23 61.8B KRW
FY24 44.3B KRW
FY25 −43.9B KRW

108675 screens 39% overvalued. Compare with Trane Technologies plc →

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Cite: Fair Value Calculator (2026). "LX Hausys Ltd Preferred Fair Value". https://www.fairvalue-calculator.com/stock/108675

Peer Group

Building Products & Equipment · 250 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 47 · Below median
Fair Value upside −39% · Below median
Return on assets 1% · Below median
Net margin (TTM) -0% · Below median
Operating margin (TTM) 6% · Below median
Revenue growth 4% · Above median
Dividend yield (TTM) 6.2% · Top 25%
Debt / equity 0.38× · Higher than median

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 0.5× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE22 · sector 10
PAST0 · sector 23
HEALTH81 · sector 94
DIVIDEND100 · sector 37

VALUE 0: the price sits above our fair-value range.

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 Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $480.20 $208.50 -57%
Johnson Controls International plc JCI $152.79 $44.75 -71%
Carrier Global Corporation CARR $63.08 $16.85 -73%
Compagnie de Saint-Gobain S.A SGO €84.24 €97.97 +16%
PT Impack Pratama Industri Tbk, IMPC 1,405 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 38.59 kr 25.37 -34%
Rockwool A/S ROCKA kr 232.00 kr 232.55 +0%
Beijing New Building Materials Public Limited 000786 ¥18.73 ¥31.73 +69%
Moon Environment Technology Co 000811 ¥42.22 ¥11.94 -72%
The Supreme Industries Limited SUPREMEIND ₹3,460 ₹1,376 -60%

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Frequently asked questions

Is LX Hausys Ltd Preferred (108675) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 11,346 KRW versus a price of 18,580 KRW, about −39% (overvalued).
What is the fair value of 108675?
Our model-based fair value for LX Hausys Ltd Preferred is 11,346 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 18,580 KRW.
What is the quality score of 108675?
LX Hausys Ltd Preferred has a Quality Score of 47/100. 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 LX Hausys Ltd Preferred (108675)?
LX Hausys Ltd Preferred reported trailing-twelve-month revenue of about 3.2T KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 108675?
The net profit margin of LX Hausys Ltd Preferred is about -0.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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