EN DE

Humax Co. Ltd (115160) Fair Value & Analysis

Technology · KR · Market cap 26.3B KRW (≈ $18.4M) · ISIN KR7115160004

HC Humax Co. Ltd 115160 · KQ
Price5,580 KRW
Fair Value16,582 KRW
Upside+197.2%
Quality43/100
Watch Humax Co. Ltd for free, get notified when fair value or trend changes. Watch for free

Strengths

Trades 66% below our fair value of 16,582 KRW
Moderate debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −14.7 %/yr)
!Loss-making · -6.4% net margin
!Mixed vs. peers (4/10)
!Narrow moat 20/100
Weak Growth (revenue 5y −14.7 %/yr)
Loss-making · -6.4% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (4/10)
Narrow moat 20/100
Evidence: Medium Range 6,496 KRW – 26,668 KRW Share as image

Fair value as of: Aug 13, 2026

From 9 valuation models · updated 14 days ago

Share price −3.1% over the past month.

Below-average quality, trading 66% below our fair value.

What runs behind every stock

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

Track Humax Co. Ltd and get told automatically when its fair value or trend turns, plus fair value for all 35,000+ stocks. 14 days of Pro free, no card. Track it free

What matters now

  • The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (6,496 KRW). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (6,496 KRW to 26,668 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

60,800 KRW 4,950 KRW Fair Value 16,582 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 4,950 KRW – 60,800 KRW · fair‑value band 6,496 KRW – 26,668 KRW · the 5,580 KRW price screens below the 16,582 KRW fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Humax Co. Ltd (115160) currently trades at 5,580 KRW, while our model-based Fair Value estimate is 16,582 KRW, implying the stock looks roughly 197.2% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Technology 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: medium), always confirm before acting.

Over the trailing twelve months, Humax Co. Ltd generated revenue of 388B KRW at a net margin of -6.4%. Revenue declined 6.0% year over year. It earns a return on equity of -19.5%. Net debt stands at 73.5B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 6,496 KRW (bear case) to 26,668 KRW (bull case); at 5,580 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 50% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -54% fair-value upside, at 197%, 115160 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 21,496 KRW 31,073 KRW 47,456 KRW 80
Rev-Margin DCF 18,139 KRW 29,096 KRW 42,552 KRW 74
Gordon GGM 7,366 KRW 8,063 KRW 9,124 KRW 70
All 9 models by family
DCF Models
FCF DCF 20,326 KRW 30,193 KRW 48,469 KRW 38
5Y Revenue Exit 18,139 KRW 28,507 KRW 43,572 KRW 39
10Y Revenue Exit 18,182 KRW 25,993 KRW 34,349 KRW 36
Dividend Discount
Gordon GGM 7,366 KRW 8,063 KRW 9,124 KRW 70
DDM Multi-Stage 7,366 KRW 9,242 KRW 11,871 KRW 61
Multiples
EV/Revenue 18,728 KRW 28,814 KRW 38,900 KRW 43
Asset-Based
NCAV (Graham) 10,516 KRW 14,091 KRW 21,031 KRW 50
Growth DCF
Growth DCF 21,496 KRW 31,073 KRW 47,456 KRW 80
Rev-Margin DCF 18,139 KRW 29,096 KRW 42,552 KRW 74

Widest divergence: Growth DCF (29,096 KRW) versus Dividend Discount (8,063 KRW). Highest evidence: Growth DCF (80).

Notify me when 115160 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

P/S ratio 0.07 TTM
Net margin -19.8% FY2025
Return on equity -19.5% TTM
Return on assets (EBIT) -2.3% avg 5y
Operating margin 3.8% TTM
Revenue (TTM) 388B KRW TTM
More key figures
Growth
Revenue growth (YoY) -6.0% 3y avg -17.0%
Balance sheet & cash flow
Free cash flow 11.2B KRW FY2025
Net debt 73.5B KRW FY2025 · ≈ 6.6 yrs of FCF

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

Quality Score breakdown

Overall quality 43/100

Of which business quality 40 · Market factors (momentum, volatility) 17

Profitability 15
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 100
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

Humax Co., Ltd. engages in the gateway, automotive electronics, and digital solution businesses in South Korea and internationally.

Full company description

Humax Co., Ltd. engages in the gateway, automotive electronics, and digital solution businesses in South Korea and internationally. The company offers set-top box, broadband gateway, and video gateway products; integrated shark antennas for vehicles; micro antennas and smart key antennas for controlling the opening and closing of car doors and trunks; and digital broadcasting software for broadcasting operators. It is also involved in the parking lot business; car sharing services; vehicle control systems; electric vehicle charger development and operation business; and raw material purchase agency service business. In addition, the company offers vehicle infotainment systems and antenna products; and IoT solutions. Further, it manufactures and sells broadcasting and wireless communication equipment, as well as provision of business investment and investment company management services. Humax Co., Ltd. was founded in 1989 and is headquartered in Seongnam-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Humax Co. Ltd reported revenue of 394B KRW in FY2025 versus 644B KRW in FY2021, a compound −11.5%/yr. Reported net income was −78.1B KRW in FY2025.

Growth Quality 18/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
394B KRW
Latest YoY
−26.4%
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.
−17.0%
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.
−14.7%
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.
+3.4%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −11.5%/yr
FY21 644B KRW
FY22 689B KRW
FY23 646B KRW
FY24 536B KRW
FY25 394B KRW
Net income
FY21 −38.7B KRW
FY22 −38.4B KRW
FY23 −61.5B KRW
FY24 −57.0B KRW
FY25 −78.1B KRW

Watch 115160: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Humax Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/115160

Peer Group

Communication Equipment · 309 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 43 · Bottom 25%
Fair Value upside +197% · Top 25%
Return on assets -4% · Bottom 25%
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) 4% · Above median
Revenue growth -6% · Below median
Dividend yield (TTM) 12.4% · Top 25%
Debt / equity 0.51× · Higher than 75% of peers

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/FCF 0.0× · 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
VALUE100 · sector 0
FUTURE0 · sector 34
PAST0 · sector 15
HEALTH75 · sector 98
DIVIDEND100 · sector 24

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

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $112.36 $61.53 -45%
Zhongji Innolight Co 300308 ¥866.12 ¥171.09 -80%
Foxconn Industrial Internet Co 601138 ¥61.83 ¥28.65 -54%
Eoptolink Technology Inc 300502 ¥429.90 ¥176.99 -59%
Nokia Oyj NOK $10.41 $3.81 -63%
Motorola Solutions, Inc MSI $487.28 $236.33 -52%
Suzhou TFC Optical Communication Co 300394 ¥276.25 ¥43.67 -84%
Telefonaktiebolaget LM Ericsson (publ), ERIC $10.06 $19.89 +98%
Accton Technology Corporation 2345 2,270 TWD 1,135 TWD -50%
Ubiquiti Inc UI $577.76 $252.79 -56%

Compare Humax Co. Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Discover undervalued stocks

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Fama-French 3-Factor Model Calculator Run the Fama-French 3-factor model in seconds: expected return from the market, size and value factors - free, with formula, betas and an example. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Humax Co. Ltd (115160) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 16,582 KRW versus a price of 5,580 KRW, about +197% (undervalued).
What is the fair value of 115160?
Our model-based fair value for Humax Co. Ltd is 16,582 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 5,580 KRW.
What is the quality score of 115160?
Humax Co. Ltd has a Quality Score of 43/100. 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 Humax Co. Ltd (115160)?
Humax Co. Ltd reported trailing-twelve-month revenue of about 388B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 115160?
The net profit margin of Humax Co. Ltd is about -6.4%, 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.

Free · no account needed

Watch Humax Co. Ltd in the live analysis

One click puts Humax 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.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.