Hizeaero Co. Ltd (221840) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Hizeaero Co. Ltd KRW 1,934, price KRW 2,080, upside -7.0%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 1,243 KRW – 6,810 KRW · fair‑value band 1,409 KRW – 2,900 KRW · the 2,080 KRW price screens above the 1,934 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Hizeaero Co., Ltd. engages in the manufacture and sale of aerospace structures and systems for aerospace market in South Korea. It offers aerostructure assembly services; part fabrication services, such as equipment, machining, sheet metal, and surface treatment; and tooling services. The company was founded in 1999 and is based in Sacheon-si, South Korea.
Stock analysis
Hizeaero Co. Ltd (221840) currently trades at 2,080 KRW, while our model-based Fair Value estimate is 1,934 KRW, implying the stock looks roughly 7.6% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 2,818 KRW per share, and 13 of the 24 models we run sit above the 2,080 KRW price.
Bear case: the Economic Profit group reads lowest at 748.39 KRW, and 11 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 1,409 KRW (bear) to 2,900 KRW (bull), the price of 2,080 KRW sits inside 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 54/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hizeaero Co. Ltd reported revenue of 84.6B KRW in FY2025 versus 62.6B KRW in FY2021, a compound +7.8%/yr. Reported net income was 2.1B KRW in FY2025.
Key figures
Market cap 38.9B KRW (≈ $28.6M) · P/S ratio 0.99 · Dividend yield 0.1% · Net margin 2.4% · Return on equity −4.3% · Return on assets (EBIT) −5.2% · Operating margin 5.8% · Revenue (TTM) 36.3B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −20% fair-value upside, at −7%, 221840 screens cheaper than that median.
Fair Value models
Bear 1,409 KRWFair Value 1,934 KRWBull 2,900 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.69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.2%
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.
+12.9%
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: +10.6% a year
Revenue growth 10 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.
+10.6%
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What shareholders gained per year (last 5 years), in KRW ⓘ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. 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.
−12.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.9%
Dividend (yield on the price)0.1%
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.−7% → 5%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+12.4%
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 +10.1% 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 sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Aerospace & Defense” was too small, so the broader sector is used.)Industrials · 5566 stocks
Beats the sector median on 4/10 measures
A mixed picture versus its sector peers.
Valuation
Quality Score54 · Above median
Fair Value upside−7% · Above median
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)−9% · Bottom 25%
Operating margin (TTM)6% · Below median
Growth and dividend
Revenue growth8% · Above median
Dividend yield (TTM)0.1% · Bottom 25%
Balance sheet
Debt / equity0.97× · Highest 25%
Valuation Multiplesvs Industrials median · lower = cheaper
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Is Hizeaero Co. Ltd (221840) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1,934 KRW versus a price of 2,080 KRW, about −7% upside (fairly valued).
What is the fair value of 221840?
Our model-based fair value for Hizeaero Co. Ltd is 1,934 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 2,080 KRW.
What is the quality score of 221840?
Hizeaero Co. Ltd has a Quality Score of 54/100. 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 Hizeaero Co. Ltd (221840)?
Our model-based price target is the fair value of 1,934 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 1,409 KRW, optimistic scenario 2,900 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hizeaero Co. Ltd stock forecast for 2026?
Our models put fair value at 1,934 KRW, about −7% upside versus a price of 2,080 KRW (fairly valued). Cautious scenario 1,409 KRW, optimistic scenario 2,900 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hizeaero Co. Ltd (221840)?
Hizeaero Co. Ltd reported trailing-twelve-month revenue of about 36.3B KRW (latest available figure, as of Sep 24, 2026).
Does Hizeaero Co. Ltd pay a dividend?
Hizeaero Co. Ltd currently shows a dividend yield of about 0.08% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Hizeaero Co. Ltd (221840)?
For today's price to be fair in a discounted-cash-flow model, Hizeaero Co. Ltd would have to grow free cash flow by +12.4 % per year for five years (discount rate 10.2 %, 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 221840 use?
Our models discount Hizeaero Co. Ltd at 10.2 %: a base by market capitalisation (nano), damped by beta 1.01, 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 Hizeaero Co. Ltd that is +12.4 % per year a year over ten years, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Hizeaero Co. Ltd (221840) delivered so far?
Over the past 5 years revenue at Hizeaero Co. Ltd grew +9.8 % a year. The price currently implies +12.4 % 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 Hizeaero Co. Ltd (221840) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Hizeaero Co. Ltd (+12.4 % 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 Hizeaero Co. Ltd (221840)?
The free-cash-flow yield on the price is 10.13 %: that much free cash flow Hizeaero Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hizeaero Co. Ltd (221840)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hizeaero Co. Ltd it is 1,934 KRW per share (as of Sep 24, 2026), against a price of 2,080 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Hizeaero Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 221840 trades above its calculated fair value: price 2,080 KRW, fair value 1,934 KRW, a gap of about −7% (fairly valued). 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 221840?
No. The price is what the market pays today (2,080 KRW); the fair value is what the company's own numbers justify (1,934 KRW). For Hizeaero Co. Ltd the two are 146.23 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hizeaero Co. Ltd worth?
The market values Hizeaero Co. Ltd at about 38.9B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 2,080 KRW; our models calculate a fair value of 1,934 KRW per share.
What do the bullish and bearish scenarios say about 221840?
Our models span a range for Hizeaero Co. Ltd: cautious scenario 1,409 KRW, base 1,934 KRW, optimistic 2,900 KRW per share (as of Sep 24, 2026, price 2,080 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hizeaero Co. Ltd (221840)?
Balance-sheet figures for Hizeaero Co. Ltd (as of Sep 24, 2026): return on equity −4.3%, debt of 0.97 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 221840 from its 52-week high?
Hizeaero Co. Ltd trades at 2,080 KRW, about 34% below its 52-week high of 3,155 KRW and 19% above the low of 1,743 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 1,934 KRW is for.
Which stocks are comparable to Hizeaero Co. Ltd?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Safran SA, 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 Hizeaero Co. Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 2,080 KRW, calculated fair value 1,934 KRW (−7%), Quality Score 54/100, from 24 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 221840 calculated?
We run Hizeaero Co. Ltd through 24 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 1,934 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 13.0 % above its aggregate fair value. Hizeaero Co. Ltd itself currently trades above fair value. 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 Hizeaero Co. Ltd (221840)?
The closing price on Sep 23, 2026 was 2,080 KRW. Our model-based fair value is 1,934 KRW, about −7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hizeaero Co. Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (1,409 KRW to 2,900 KRW) leaves room in how you read the outcome.
Key figures of Hizeaero Co. Ltd
How large is the market capitalisation of Hizeaero Co. Ltd (221840)?
The market capitalisation of Hizeaero Co. Ltd is 38.9B KRW (≈ $28.6M). 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 Hizeaero Co. Ltd (221840)?
The price-to-sales ratio of Hizeaero Co. Ltd is 0.99 (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 Hizeaero Co. Ltd (221840)?
The dividend yield of Hizeaero Co. Ltd is 0.1%. 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 Hizeaero Co. Ltd (221840)?
The net margin of Hizeaero Co. Ltd is 2.4% (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 Hizeaero Co. Ltd (221840)?
The return on equity (ROE) of Hizeaero Co. Ltd is −4.3% (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 Hizeaero Co. Ltd (221840)?
On an EBIT basis the return on assets of Hizeaero Co. Ltd is −5.2% (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 Hizeaero Co. Ltd (221840)?
The operating margin of Hizeaero Co. Ltd is 5.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hizeaero Co. Ltd (221840)?
Revenue at Hizeaero Co. Ltd is growing +7.7% versus a year earlier (3y avg +12.9%). 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 Hizeaero Co. Ltd (221840)?
Earnings per share at Hizeaero Co. Ltd are growing +17.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hizeaero Co. Ltd (221840) carry?
The net debt of Hizeaero Co. Ltd is 42.1B KRW (fiscal year 2025, ≈ 10.7 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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