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HLB Genex, Inc (187420) Fair Value & Analysis

Basic Materials · KR · Market cap 45.9B KRW

HG HLB Genex, Inc 187420 · KQ
Price1,770 KRW
Fair Value2,215 KRW
Upside+25.1%
Quality53/100
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Expensive Growth
Highly profitable · 48.3% net margin
Low debt · generates free cash flow
Ranks above peers (7/9)
Moderate moat 63/100
Evidence: Medium Range 1,661 KRW – 2,768 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 2,233 KRW to 2,215 KRW (−0.8%) since Jul 7, 2026. Share price +20.7% over the past month.

A solid business, screening 25% undervalued on our models.

What matters now

  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 1,661 KRW (bear) to 2,768 KRW (bull), base 2,215 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 53/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

11,800 KRW 1,373 KRW Fair Value 2,215 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 1,373 KRW – 11,800 KRW · fair‑value band 1,661 KRW – 2,768 KRW · the 1,770 KRW price screens below the 2,215 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

HLB Genex, Inc (187420) currently trades at 1,770 KRW, while our model-based Fair Value estimate is 2,215 KRW, implying the stock looks roughly 25.1% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Basic Materials 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, HLB Genex, Inc generated revenue of 44.3B KRW at a net margin of 48.3%. Revenue grew 9.1% year over year. It earns a return on equity of 53.9%. Net debt stands at 9.4B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 1,661 KRW (bear case) to 2,768 KRW (bull case); at 1,770 KRW, the current price sits within 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 52% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 25%, 187420 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 2,246 KRW 3,418 KRW 5,692 KRW 80
Rev-Margin DCF 1,655 KRW 2,177 KRW 2,960 KRW 74
ROIC Compounder 1,357 KRW 1,458 KRW 1,602 KRW 72
All 24 models by family
DCF Models
FCF DCF 2,312 KRW 3,173 KRW 5,713 KRW 38
Owner Earnings 14,871 KRW 32,585 KRW 69,772 KRW 31
5Y Revenue Exit 1,655 KRW 2,080 KRW 2,896 KRW 39
5Y EBITDA Exit 2,400 KRW 3,674 KRW 6,030 KRW 41
5Y P/E Exit 8,349 KRW 18,311 KRW 31,514 KRW 38
10Y Revenue Exit 1,829 KRW 2,475 KRW 3,101 KRW 36
10Y EBITDA Exit 2,373 KRW 3,917 KRW 6,787 KRW 37
10Y P/E Exit 6,588 KRW 15,431 KRW 31,532 KRW 35
Earnings-Based
Graham-Dodd 5,230 KRW 36,471 KRW 51,181 KRW 54
Lynch FV 11,278 KRW 16,112 KRW 20,945 KRW 50
PEG = 1.0 11,278 KRW 16,112 KRW 20,945 KRW 46
EPV 1,357 KRW 1,419 KRW 1,473 KRW 59
Multiples
P/E Multiple 9,806 KRW 13,074 KRW 16,343 KRW 63
P/S Multiple 1,661 KRW 2,215 KRW 2,768 KRW 58
P/B Multiple 3,134 KRW 4,179 KRW 5,223 KRW 55
EV/EBIT 1,441 KRW 1,593 KRW 1,745 KRW 53
EV/EBITDA 2,452 KRW 2,941 KRW 3,430 KRW 54
EV/Revenue 1,380 KRW 1,549 KRW 1,719 KRW 43
Asset-Based
NCAV (Graham) 696.45 KRW 933.24 KRW 1,393 KRW 50
Growth DCF
Growth DCF 2,246 KRW 3,418 KRW 5,692 KRW 80
Rev-Margin DCF 1,655 KRW 2,177 KRW 2,960 KRW 74
Economic Profit
Residual Income 7,335 KRW 12,328 KRW 278,440 KRW 61
ROIC Compounder 1,357 KRW 1,458 KRW 1,602 KRW 72
Growth Earnings
Growth-Adj P/E 13,992 KRW 19,988 KRW 25,985 KRW 68

Widest divergence: Growth Earnings (19,988 KRW) versus Asset-Based (933.24 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 44.3B KRW
Revenue growth (YoY) +9.1%
Net margin 48.3%
Return on equity 53.9%
Free cash flow 2.4B KRW FY2025
Operating margin 8.9%
More key figures
EPS growth (YoY) +8,220%
Net debt 9.4B KRW FY2025

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

Quality Score breakdown

Overall quality 53/100

Of which business quality 49 · Market factors (momentum, volatility) 18

Profitability 66
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 40
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

HLB Genex, Inc. engages in the research and development, production, import/export, and sale of enzymes and fermentation products in South Korea and internationally.

Full company description

HLB Genex, Inc. engages in the research and development, production, import/export, and sale of enzymes and fermentation products in South Korea and internationally. Its industrial special enzyme products include lactase; catalase for use in semiconductor industry; and proteinase K for molecular diagnostics and genetic engineering experiments, as well as bio-health care ingredients comprise N-phytosphingosine and vitamin K2. The company also develops drug candidates for wet and dry macular degeneration, inflammatory bowel disease, anticancer, oral mucositis, nonalcoholic steatohepatitis, diabetic macular edema, and dry eye indications. The company was formerly known as GenoFocus, Inc. HLB Genex, Inc. was founded in 2000 and is based in Daejeon, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HLB Genex, Inc reported revenue of 43.4B KRW in FY2025 versus 25.9B KRW in FY2021, a compound +13.8%/yr. Reported net income was 22.6B KRW in FY2025.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
43.4B KRW
Latest YoY
+22.4%
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.
+16.0%
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.
+18.2%
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.
+19.4%
Revenue +13.8%/yr
FY21 25.9B KRW
FY22 27.8B KRW
FY23 27.0B KRW
FY24 35.4B KRW
FY25 43.4B KRW
Net income
FY21 −6.8B KRW
FY22 −13.0B KRW
FY23 −3.0B KRW
FY24 −18.8B KRW
FY25 22.6B KRW

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Cite: Fair Value Calculator (2026). "HLB Genex, Inc Fair Value". https://www.fairvalue-calculator.com/stock/187420

Peer Group

Specialty Chemicals · 673 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 53 · Above median
Fair Value upside +25% · Top 25%
Return on equity (TTM) 54% · Top 25%
Return on assets 1% · Bottom 25%
Net margin (TTM) 48% · Top 25%
Operating margin (TTM) 9% · Above median
Revenue growth 9% · Above median
Debt / equity 0.11× · Higher than median

Valuation Multiples vs Specialty Chemicals 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 67 · sector 0
FUTURE 46 · sector 19
PAST 100 · sector 23
HEALTH 94 · sector 95
DIVIDEND 0 · sector 25

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

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Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
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Frequently asked questions

Is HLB Genex, Inc (187420) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 2,215 KRW versus a price of 1,770 KRW, about +25% (undervalued).
What is the fair value of 187420?
Our model-based fair value for HLB Genex, Inc is 2,215 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 1,770 KRW.
What is the quality score of 187420?
HLB Genex, Inc has a Quality Score of 53/100. 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 HLB Genex, Inc (187420)?
HLB Genex, Inc reported trailing-twelve-month revenue of about 44.3B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 187420?
The net profit margin of HLB Genex, Inc is about 48.3%, meaning it keeps roughly 48.3% 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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