HARIM Co. Ltd (136480) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of HARIM Co. Ltd KRW 6,169, price KRW 2,640, upside +133.7%, quality 69 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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HARIM Co., Ltd., a chicken-specialized company, engages in the broiler processing and feed manufacturing business in South Korea. The company offers various chicken products, such as convenience food and seasoned meat under the Fresh Up brand. It is involved in poultry, animal hospital, healthcare, and distribution business. It exports its products.
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HARIM Co., Ltd., a chicken-specialized company, engages in the broiler processing and feed manufacturing business in South Korea. The company offers various chicken products, such as convenience food and seasoned meat under the Fresh Up brand. It is involved in poultry, animal hospital, healthcare, and distribution business. It exports its products. HARIM Co., Ltd. was founded in 1978 and is based in Iksan-si, South Korea.
Stock analysis
HARIM Co. Ltd (136480) currently trades at 2,640 KRW, while our model-based Fair Value estimate is 6,169 KRW, implying the stock looks roughly 57.2% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 8,741 KRW per share, and 21 of the 26 models we run sit above the 2,640 KRW price.
Bear case: the Asset-Based group reads lowest at 2,053 KRW, and 5 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: 4,627 KRW (bear) to 7,712 KRW (bull), the price of 2,640 KRW sits below 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 69/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
HARIM Co. Ltd reported revenue of 1.4T KRW in FY2025 versus 1.0T KRW in FY2021, a compound +8.6%/yr. Reported net income was 38.5B KRW in FY2025, compounding +30.4%/yr from FY2021.
Key figures
Market cap 280B KRW (≈ $196M) · P/S ratio 0.20 · Dividend yield 1.5% · Net margin 2.7% · Return on equity 12.8% · Return on assets (EBIT) 4.4% · Operating margin 3.6% · Revenue (TTM) 1.4T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −2% fair-value upside, at 134%, 136480 screens cheaper than that median.
Fair Value models
Bear 4,627 KRWFair Value 6,169 KRWBull 7,712 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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+19.0%
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.
+7.2%
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.
+9.8%
Start year 2020 (pandemic). Over 10 years: +6.3% a year
Revenue growth 11 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.
+6.1%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+34.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+33.4%
Dividend (yield on the price)1.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.29% vs 1%, picking up
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.1% → 3%
2025 sits 327% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−0.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −2.4% a year for the price.
Price, fair value, quality and upside side by side.
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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.Packaged Foods · 668 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside+134% · Top 25%
Profitability
Return on equity (TTM)13% · Above median
Return on assets4% · Above median
Net margin (TTM)3% · Below median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth2% · Below median
Dividend yield (TTM)1.5% · Below median
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Packaged Foods median · lower = cheaper
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Is HARIM Co. Ltd (136480) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 6,169 KRW versus a price of 2,640 KRW, about +134% upside (undervalued).
What is the fair value of 136480?
Our model-based fair value for HARIM Co. Ltd is 6,169 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 2,640 KRW.
What is the quality score of 136480?
HARIM Co. Ltd has a Quality Score of 69/100. 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 HARIM Co. Ltd (136480)?
Our model-based price target is the fair value of 6,169 KRW (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 4,627 KRW, optimistic scenario 7,712 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the HARIM Co. Ltd stock forecast for 2026?
Our models put fair value at 6,169 KRW, about +134% upside versus a price of 2,640 KRW (undervalued). Cautious scenario 4,627 KRW, optimistic scenario 7,712 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of HARIM Co. Ltd (136480)?
HARIM Co. Ltd reported trailing-twelve-month revenue of about 1.4T KRW (latest available figure, as of Sep 24, 2026).
Does HARIM Co. Ltd pay a dividend?
HARIM Co. Ltd currently shows a dividend yield of about 1.52% relative to its recent price (as of Sep 24, 2026).
What growth is priced into HARIM Co. Ltd (136480)?
For today's price to be fair in a discounted-cash-flow model, HARIM Co. Ltd would have to grow free cash flow by -0.4 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 136480 use?
Our models discount HARIM Co. Ltd at 11.6 %: a base by market capitalisation (micro), damped by beta 0.20, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For HARIM Co. Ltd that is -0.4 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has HARIM Co. Ltd (136480) delivered so far?
Over the past 5 years revenue at HARIM Co. Ltd grew +9.8 % a year. The price currently implies -0.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of HARIM Co. Ltd (136480) growing?
The median revenue growth in the sector is +2.9 % a year. That is the yardstick for the growth priced into HARIM Co. Ltd (-0.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of HARIM Co. Ltd (136480)?
The free-cash-flow yield on the price is 22.98 %: that much free cash flow HARIM Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of HARIM Co. Ltd (136480)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HARIM Co. Ltd it is 6,169 KRW per share (as of Sep 24, 2026), against a price of 2,640 KRW. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is HARIM Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 136480 trades below its calculated fair value: price 2,640 KRW, fair value 6,169 KRW, a gap of about +134% (undervalued). 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 136480?
No. The price is what the market pays today (2,640 KRW); the fair value is what the company's own numbers justify (6,169 KRW). For HARIM Co. Ltd the two are 3,529 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is HARIM Co. Ltd worth?
The market values HARIM Co. Ltd at about 280B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 2,640 KRW; our models calculate a fair value of 6,169 KRW per share.
What do the bullish and bearish scenarios say about 136480?
Our models span a range for HARIM Co. Ltd: cautious scenario 4,627 KRW, base 6,169 KRW, optimistic 7,712 KRW per share (as of Sep 24, 2026, price 2,640 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of HARIM Co. Ltd (136480)?
Balance-sheet figures for HARIM Co. Ltd (as of Sep 24, 2026): return on equity 12.8%, debt of 0.08 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is 136480 from its 52-week high?
HARIM Co. Ltd trades at 2,640 KRW, about 22% below its 52-week high of 3,390 KRW and 2% above the low of 2,585 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 6,169 KRW is for.
Which stocks are comparable to HARIM Co. Ltd?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, The Kraft Heinz Company, Foshan Haitian Flavouring and Food Company, 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 HARIM Co. Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 2,640 KRW, calculated fair value 6,169 KRW (+134%), Quality Score 69/100, from 26 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 136480 calculated?
We run HARIM Co. Ltd through 26 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 6,169 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 13.2 % above its aggregate fair value. HARIM Co. Ltd currently trades 134 % below its own fair value, and the market average says nothing about that. 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 HARIM Co. Ltd (136480)?
The closing price on Sep 23, 2026 was 2,640 KRW. Our model-based fair value is 6,169 KRW, about +134% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HARIM Co. Ltd right now?
The price is below even our cautious bear case (4,627 KRW). The market is more pessimistic than our downside scenario. Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of HARIM Co. Ltd
How large is the market capitalisation of HARIM Co. Ltd (136480)?
The market capitalisation of HARIM Co. Ltd is 280B KRW (≈ $196M). 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 HARIM Co. Ltd (136480)?
The price-to-sales ratio of HARIM Co. Ltd is 0.20 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of HARIM Co. Ltd (136480)?
The dividend yield of HARIM Co. Ltd is 1.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of HARIM Co. Ltd (136480)?
The net margin of HARIM Co. Ltd is 2.7% (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 HARIM Co. Ltd (136480)?
The return on equity (ROE) of HARIM Co. Ltd is 12.8% (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 HARIM Co. Ltd (136480)?
On an EBIT basis the return on assets of HARIM Co. Ltd is 4.4% (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 HARIM Co. Ltd (136480)?
The operating margin of HARIM Co. Ltd is 3.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HARIM Co. Ltd (136480)?
Revenue at HARIM Co. Ltd is growing +1.7% versus a year earlier (3y avg +7.2%). 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 HARIM Co. Ltd (136480)?
Earnings per share at HARIM Co. Ltd are growing +21.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does HARIM Co. Ltd (136480) carry?
The net debt of HARIM Co. Ltd is 289B KRW (fiscal year 2025, ≈ 4.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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