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HARIM Co (136480) Fair Value & Analysis

Consumer Defensive · KR · Market cap 284B KRW

HC HARIM Co 136480 · KQ
Price2,730 KRW
Fair Value6,169 KRW
Upside+126.0%
Quality69/100
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Healthy Growth
Thin margins · 2.7% net margin
Low debt · generates free cash flow
1.51% dividend yield
Mixed vs. peers (5/10)
Narrow moat 36/100
Evidence: High Range 4,627 KRW – 7,712 KRW Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Share price −2.2% over the past month.

A solid business, screening 126% undervalued on our models.

What matters 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.
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Price vs Fair Value (5 years)

4,762 KRW 2,397 KRW Fair Value 6,169 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 2,397 KRW – 4,762 KRW · fair‑value band 4,627 KRW – 7,712 KRW · the 2,730 KRW price screens below the 6,169 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

HARIM Co (136480) currently trades at 2,730 KRW, while our model-based Fair Value estimate is 6,169 KRW, implying the stock looks roughly 126.0% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Consumer Defensive 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: high), always confirm before acting.

Over the trailing twelve months, HARIM Co generated revenue of 1.4T KRW at a net margin of 2.7%. Revenue grew 1.7% year over year. It earns a return on equity of 12.8%. Net debt stands at 289B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 4,627 KRW (bear case) to 7,712 KRW (bull case); at 2,730 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 23% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 126%, 136480 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 8,034 KRW 12,110 KRW 18,323 KRW 80
Residual Income 2,866 KRW 3,492 KRW 8,332 KRW 76
Rev-Margin DCF 5,586 KRW 8,292 KRW 11,474 KRW 74
All 26 models by family
DCF Models
FCF DCF 7,901 KRW 12,521 KRW 20,044 KRW 38
Owner Earnings 5,204 KRW 8,136 KRW 12,911 KRW 31
5Y Revenue Exit 5,586 KRW 8,245 KRW 11,600 KRW 39
5Y EBITDA Exit 9,273 KRW 15,230 KRW 22,251 KRW 41
5Y P/E Exit 6,387 KRW 9,763 KRW 13,313 KRW 38
10Y Revenue Exit 6,188 KRW 8,865 KRW 12,417 KRW 36
10Y EBITDA Exit 8,737 KRW 13,861 KRW 20,835 KRW 37
10Y P/E Exit 6,846 KRW 9,951 KRW 13,772 KRW 35
Earnings-Based
Graham-Dodd 2,468 KRW 8,147 KRW 10,897 KRW 54
Lynch FV 1,837 KRW 2,624 KRW 3,411 KRW 50
PEG = 1.0 1,837 KRW 2,624 KRW 3,411 KRW 46
EPV 4,560 KRW 5,273 KRW 5,907 KRW 59
Dividend Discount
Gordon GGM 288.57 KRW 630.00 KRW 1,060 KRW 70
DDM Multi-Stage 288.57 KRW 499.95 KRW 656.56 KRW 61
Multiples
P/E Multiple 5,716 KRW 7,621 KRW 9,526 KRW 63
P/S Multiple 4,627 KRW 6,169 KRW 7,712 KRW 58
P/B Multiple 4,627 KRW 6,169 KRW 7,712 KRW 55
EV/EBIT 6,244 KRW 8,152 KRW 10,061 KRW 53
EV/EBITDA 11,052 KRW 14,562 KRW 18,073 KRW 54
EV/Revenue 4,605 KRW 6,356 KRW 8,108 KRW 43
Asset-Based
NCAV (Graham) 1,532 KRW 2,053 KRW 3,065 KRW 50
Growth DCF
Growth DCF 8,034 KRW 12,110 KRW 18,323 KRW 80
Rev-Margin DCF 5,586 KRW 8,292 KRW 11,474 KRW 74
Economic Profit
Residual Income 2,866 KRW 3,492 KRW 8,332 KRW 76
ROIC Compounder 4,878 KRW 6,200 KRW 7,849 KRW 72
Growth Earnings
Growth-Adj P/E 4,825 KRW 6,893 KRW 8,961 KRW 68

Widest divergence: DCF Models (9,763 KRW) versus Dividend Discount (499.95 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.4T KRW
Revenue growth (YoY) +1.7%
Net margin 2.7%
Return on equity 12.8%
Free cash flow 64.4B KRW FY2025
Operating margin 3.6%
More key figures
Dividend yield 1.4%
EPS growth (YoY) +22.2%
Net debt 289B KRW FY2025

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

Quality Score breakdown

Overall quality 69/100

Of which business quality 66 · Market factors (momentum, volatility) 44

Profitability 51
Margins and returns on capital today
Quality Growth 95
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 19
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HARIM Co 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.

Growth Quality 80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.4T KRW
Latest YoY
+19.0%
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.
+7.2%
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.
+9.8%
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.
+6.1%
Revenue +8.6%/yr
FY21 1.0T KRW
FY22 1.2T KRW
FY23 1.2T KRW
FY24 1.2T KRW
FY25 1.4T KRW
Net income +30.4%/yr
FY21 13.3B KRW
FY22 5.0B KRW
FY23 13.0B KRW
FY24 −12.3B KRW
FY25 38.5B KRW

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Cite: Fair Value Calculator (2026). "HARIM Co Fair Value". https://www.fairvalue-calculator.com/stock/136480

Peer Group

Packaged Foods · 649 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 69 · Top 25%
Fair Value upside +126% · Top 25%
Return on equity (TTM) 13% · Above median
Return on assets 4% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 2% · Below median
Dividend yield (TTM) 1.5% · Below median
Debt / equity 0.08× · Higher than median

Valuation Multiples vs Packaged Foods 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 100 · sector 28
FUTURE 9 · sector 20
PAST 51 · sector 27
HEALTH 96 · sector 96
DIVIDEND 30 · sector 47

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is HARIM Co (136480) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 6,169 KRW versus a price of 2,730 KRW, about +126% (undervalued).
What is the fair value of 136480?
Our model-based fair value for HARIM Co is 6,169 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 2,730 KRW.
What is the quality score of 136480?
HARIM Co 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 revenue of HARIM Co (136480)?
HARIM Co reported trailing-twelve-month revenue of about 1.4T KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 136480?
The net profit margin of HARIM Co is about 2.7%, meaning it keeps roughly 2.7% of revenue as net income. Based on the latest reported figures.
Does HARIM Co pay a dividend?
HARIM Co currently shows a dividend yield of about 1.39% relative to its recent price (as of Jul 22, 2026).

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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