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Hansol Paper Co (213500) Fair Value & Analysis

Basic Materials · KR · Market cap 163B KRW

HP Hansol Paper Co 213500 · KO
Price7,830 KRW
Fair Value5,558 KRW
Upside-29.0%
Quality50/100
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Expensive Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
7.27% dividend yield
Trails peers (3/10)
Narrow moat 18/100
Evidence: Medium Range 4,168 KRW – 6,947 KRW Share as image

Fair value as of: Jul 22, 2026

From 13 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 2,779 KRW to 5,558 KRW (+100.0%) since Jul 7, 2026. Share price +15.8% over the past month.

A solid business, but screening 29% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (6,947 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

14,204 KRW 6,040 KRW Fair Value 5,558 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 6,040 KRW – 14,204 KRW · fair‑value band 4,168 KRW – 6,947 KRW · the 7,830 KRW price screens above the 5,558 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

Hansol Paper Co (213500) currently trades at 7,830 KRW, while our model-based Fair Value estimate is 5,558 KRW, implying the stock looks roughly 29.0% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Basic Materials 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: medium).

Trailing-twelve-month revenue stands at 2.3T KRW. Revenue declined 2.7% year over year. It earns a return on equity of 0.1%. Net debt stands at 792B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 4,168 KRW (bear case) to 6,947 KRW (bull case); at 7,830 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 16% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at -29%, 213500 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
Residual Income 19,756 KRW 18,127 KRW 12,774 KRW 76
ROIC Compounder 1,685 KRW 3,338 KRW 72
Growth-Adj P/E 1,666 KRW 2,380 KRW 3,095 KRW 68
All 13 models by family
Earnings-Based
Graham-Dodd 1,112 KRW 2,941 KRW 3,842 KRW 54
PEG = 1.0 566.39 KRW 809.12 KRW 1,052 KRW 46
EPV 1,685 KRW 3,338 KRW 59
Multiples
P/E Multiple 2,084 KRW 2,779 KRW 3,474 KRW 63
P/S Multiple 2,084 KRW 2,779 KRW 3,474 KRW 58
P/B Multiple 2,084 KRW 2,779 KRW 3,474 KRW 55
EV/EBIT 10,677 KRW 18,081 KRW 25,485 KRW 53
EV/EBITDA 28,101 KRW 41,312 KRW 54,524 KRW 54
EV/Revenue 7,716 KRW 15,966 KRW 24,216 KRW 43
Asset-Based
NCAV (Graham) 14,662 KRW 19,647 KRW 29,324 KRW 50
Economic Profit
Residual Income 19,756 KRW 18,127 KRW 12,774 KRW 76
ROIC Compounder 1,685 KRW 3,338 KRW 72
Growth Earnings
Growth-Adj P/E 1,666 KRW 2,380 KRW 3,095 KRW 68

Widest divergence: Asset-Based (19,647 KRW) versus Earnings-Based (1,685 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 2.3T KRW
Revenue growth (YoY) -2.7%
Net margin 0.0%
Return on equity 0.1%
Free cash flow −10.9B KRW FY2025
Operating margin 2.0%
More key figures
Dividend yield 7.9%
EPS growth (YoY) -48.9%
Net debt 792B KRW FY2025

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 48 · Market factors (momentum, volatility) 48

Profitability 34
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 22
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 40
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

Hansol Paper Co., Ltd. produces, distributes, and sells paper products in South Korea and internationally. The company offers graphic papers, such as commercial and premium printing, colored, textured, pearlescent, and fiber-blended; packaging papers, including functional paper and premium packaging, as well as boxboard; and label papers comprising …

Full company description

Hansol Paper Co., Ltd. produces, distributes, and sells paper products in South Korea and internationally. The company offers graphic papers, such as commercial and premium printing, colored, textured, pearlescent, and fiber-blended; packaging papers, including functional paper and premium packaging, as well as boxboard; and label papers comprising facestock and release liner. It also provides dye sublimation papers consisting of SUBLI-MATE; thermal papers, including non-top coated and top coated; and specialty papers, such as high-gloss paper and flame-retardant wallpapers, as well as biomaterials, including nanocellulose. The company was formerly known as Saehan Paper Co., Ltd. and changed its name to Hansol Paper Co., Ltd. in January 1992. Hansol Paper Co., Ltd. was founded in 1965 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

Hansol Paper Co reported revenue of 2.3T KRW in FY2025 versus 1.8T KRW in FY2021, a compound +5.7%/yr. Reported net income was 3.9B KRW in FY2025, compounding −27.0%/yr from FY2021.

Growth Quality 46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.3T KRW
Latest YoY
+3.4%
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.
−2.3%
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.
+8.7%
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.
+10.3%
Revenue +5.7%/yr
FY21 1.8T KRW
FY22 2.5T KRW
FY23 2.2T KRW
FY24 2.2T KRW
FY25 2.3T KRW
Net income −27.0%/yr
FY21 13.7B KRW
FY22 73.8B KRW
FY23 1.8B KRW
FY24 −30.4B KRW
FY25 3.9B KRW

213500 screens 29% overvalued. Compare with Klabin S.A →

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Cite: Fair Value Calculator (2026). "Hansol Paper Co Fair Value". https://www.fairvalue-calculator.com/stock/213500

Peer Group

Paper & Paper Products · 111 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 50 · Above median
Fair Value upside −29% · Below median
Return on equity (TTM) 0% · Below median
Return on assets 1% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth -3% · Below median
Dividend yield (TTM) 7.3% · Top 25%
Debt / equity 0.43× · Higher than median

Valuation Multiples vs Paper & Paper Products median · lower = cheaper

EV/EBITDA 2.5× · 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 20
FUTURE 0 · sector 9
PAST 0 · sector 12
HEALTH 79 · sector 91
DIVIDEND 100 · sector 41

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

Stock Price Fair Value vs Fair Value
Klabin S.A KLBN11 R$17.58 R$3.89 -78%
UPM-Kymmene Oyj UPM €23.45 €15.47 -34%
Suzano S.A SUZB3 R$41.70 R$138.01 +231%
Svenska Cellulosa Aktiebolaget SCA (publ) SCAB kr 103.00 kr 49.40 -52%
Shandong Sunpaper Co 002078 ¥14.13 ¥17.29 +22%
Holmen AB HOLMB kr 305.40 kr 217.72 -29%
Nine Dragons Paper (Holdings) Limited 2689 HK$7.55 HK$8.73 +16%
Empresas CMPC S.A CMPC 1,078 CLP 1,269 CLP +18%
Xianhe Co 603733 ¥22.05 ¥24.32 +10%
Billerud AB BILL kr 68.70 kr 48.60 -29%

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Frequently asked questions

Is Hansol Paper Co (213500) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 5,558 KRW versus a price of 7,830 KRW, about −29% (overvalued).
What is the fair value of 213500?
Our model-based fair value for Hansol Paper Co is 5,558 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 7,830 KRW.
What is the quality score of 213500?
Hansol Paper Co has a Quality Score of 50/100. 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 Hansol Paper Co (213500)?
Hansol Paper Co reported trailing-twelve-month revenue of about 2.3T KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 213500?
The net profit margin of Hansol Paper Co is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does Hansol Paper Co pay a dividend?
Hansol Paper Co currently shows a dividend yield of about 7.91% 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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