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Hankook Cosmetics Co (123690) Fair Value & Analysis

Consumer Defensive · KR · Market cap 96.6B KRW

HC Hankook Cosmetics Co 123690 · KO
Price6,620 KRW
Fair Value1,193 KRW
Upside-82.0%
Quality56/100
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Mixed Growth
Thin margins · 1.7% net margin
Low debt · generates free cash flow
Trails peers (3/9)
Narrow moat 32/100
Evidence: High Range 894.42 KRW – 1,491 KRW Share as image

Fair value as of: Jul 22, 2026

From 22 valuation models · updated 19 days ago

Share price +2.3% over the past month.

A solid business, but screening 82% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1,491 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

12,950 KRW 5,200 KRW Fair Value 1,193 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 5,200 KRW – 12,950 KRW · fair‑value band 894.42 KRW – 1,491 KRW · the 6,620 KRW price screens above the 1,193 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Hankook Cosmetics Co (123690) currently trades at 6,620 KRW, while our model-based Fair Value estimate is 1,193 KRW, implying the stock looks roughly 82.0% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Consumer Defensive 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, Hankook Cosmetics Co generated revenue of 81.4B KRW at a net margin of 1.7%. Revenue declined 14.9% year over year. It earns a return on equity of 3.7%. Net debt stands at 4.9B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 894.42 KRW (bear case) to 1,491 KRW (bull case); at 6,620 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 49% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at -82%, 123690 screens richer 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 2,320 KRW 2,809 KRW 3,644 KRW 80
Rev-Margin DCF 1,648 KRW 1,840 KRW 2,091 KRW 74
ROIC Compounder 1,272 KRW 1,321 KRW 1,364 KRW 72
All 22 models by family
DCF Models
FCF DCF 2,261 KRW 2,764 KRW 3,695 KRW 38
Owner Earnings 2,223 KRW 2,710 KRW 3,614 KRW 31
5Y Revenue Exit 1,648 KRW 1,810 KRW 2,043 KRW 39
5Y EBITDA Exit 2,198 KRW 2,761 KRW 3,509 KRW 41
5Y P/E Exit 2,054 KRW 2,513 KRW 3,064 KRW 38
10Y Revenue Exit 1,871 KRW 2,013 KRW 2,152 KRW 36
10Y EBITDA Exit 2,212 KRW 2,601 KRW 3,012 KRW 37
10Y P/E Exit 2,125 KRW 2,448 KRW 2,751 KRW 35
Earnings-Based
Graham-Dodd 477.03 KRW 583.03 KRW 655.91 KRW 54
EPV 1,272 KRW 1,321 KRW 1,364 KRW 59
Multiples
P/E Multiple 1,105 KRW 1,473 KRW 1,841 KRW 63
P/S Multiple 894.42 KRW 1,193 KRW 1,491 KRW 58
P/B Multiple 894.42 KRW 1,193 KRW 1,491 KRW 55
EV/EBIT 1,415 KRW 1,560 KRW 1,705 KRW 53
EV/EBITDA 2,357 KRW 2,816 KRW 3,275 KRW 54
EV/Revenue 1,290 KRW 1,424 KRW 1,557 KRW 43
Asset-Based
NCAV (Graham) 1,044 KRW 1,399 KRW 2,088 KRW 50
Growth DCF
Growth DCF 2,320 KRW 2,809 KRW 3,644 KRW 80
Rev-Margin DCF 1,648 KRW 1,840 KRW 2,091 KRW 74
Economic Profit
Residual Income 1,528 KRW 1,493 KRW 1,290 KRW 61
ROIC Compounder 1,272 KRW 1,321 KRW 1,364 KRW 72
Growth Earnings
Growth-Adj P/E 780.19 KRW 1,115 KRW 1,449 KRW 68

Widest divergence: DCF Models (2,513 KRW) versus Earnings-Based (583.03 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 81.4B KRW
Revenue growth (YoY) -14.9%
Net margin 1.7%
Return on equity 3.7%
Free cash flow 2.1B KRW FY2025
Operating margin 9.2%
More key figures
EPS growth (YoY) +10.7%
Net debt 4.9B KRW FY2019

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 59 · Market factors (momentum, volatility) 19

Profitability 54
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 52
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 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

Hankook Cosmetics Co., Ltd. engages in the manufacture and sale of cosmetics in South Korea and internationally. It offers make up, eye cream, peeling gel, perfume, candle, body and hair care, sun care, pack/sheet mask, emulsion, baby care, mask, serum, cleansing, eye shadow, ampule, essence, toner, and cream products.

Full company description

Hankook Cosmetics Co., Ltd. engages in the manufacture and sale of cosmetics in South Korea and internationally. It offers make up, eye cream, peeling gel, perfume, candle, body and hair care, sun care, pack/sheet mask, emulsion, baby care, mask, serum, cleansing, eye shadow, ampule, essence, toner, and cream products. The company sells its products under the Sansim, Hyoum, CONTINUE, OSSION, Jutanhak, Daol, IDEM, Beautri, TONE fit SUN, O'earth, PHYTO CARRIER, Temptation, and other brands. It is also involved in real estate rental and leasing business. The company was founded in 1961 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hankook Cosmetics Co reported revenue of 85.0B KRW in FY2025 versus 67.0B KRW in FY2021, a compound +6.2%/yr. Reported net income was 1.1B KRW in FY2025.

Growth Quality 53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
85.0B KRW
Latest YoY
−8.4%
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.
+8.8%
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.
+3.2%
Avg. growth/yr (14Y) 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.
+1.4%
Revenue +6.2%/yr
FY21 67.0B KRW
FY22 66.0B KRW
FY23 78.7B KRW
FY24 92.8B KRW
FY25 85.0B KRW
Net income
FY21 −7.2B KRW
FY22 597M KRW
FY23 3.5B KRW
FY24 4.6B KRW
FY25 1.1B KRW

123690 screens 82% overvalued. Compare with The Procter & Gamble Company →

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Cite: Fair Value Calculator (2026). "Hankook Cosmetics Co Fair Value". https://www.fairvalue-calculator.com/stock/123690

Peer Group

Household & Personal Products · 244 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 56 · Below median
Fair Value upside −82% · Bottom 25%
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 9% · Above median
Revenue growth -15% · Bottom 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Household & Personal Products 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.

VALUE 0 · sector 28
FUTURE 0 · sector 4
PAST 15 · sector 26
HEALTH 100 · sector 98
DIVIDEND 0 · sector 50

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $146.80 $108.16 -26%
Unilever PLC ULN 1,080 MXN 1,273 MXN +18%
Hindustan Unilever Limited HINDUNILVR ₹2,144 ₹1,000 -53%
Essity AB ESSITYA kr 279.00 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹1,088 ₹367.64 -66%
Marico Limited MARICO ₹846.75 ₹233.05 -72%
APR Co 278470 375,000 KRW 151,222 KRW -60%
Dabur India Limited DABUR ₹429.45 ₹181.60 -58%
Kimberly-Clark de México, S. A. B. de C. V., KIMBERA 38.07 MXN 50.09 MXN +32%
PT Unilever Indonesia Tbk UNVR 1,730 IDR 1,934 IDR +12%

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Frequently asked questions

Is Hankook Cosmetics Co (123690) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 1,193 KRW versus a price of 6,620 KRW, about −82% (overvalued).
What is the fair value of 123690?
Our model-based fair value for Hankook Cosmetics Co is 1,193 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 6,620 KRW.
What is the quality score of 123690?
Hankook Cosmetics Co has a Quality Score of 56/100. 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 Hankook Cosmetics Co (123690)?
Hankook Cosmetics Co reported trailing-twelve-month revenue of about 81.4B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 123690?
The net profit margin of Hankook Cosmetics Co is about 1.7%, meaning it keeps roughly 1.7% of revenue as net income. 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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