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Hizeaero Co (221840) Fair Value & Analysis

Industrials · KR · Market cap 35.8B KRW

HC Hizeaero Co 221840 · KQ
Price1,955 KRW
Fair Value1,934 KRW
Upside-1.1%
Quality54/100
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Mixed Growth
Loss-making · -9.2% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (4/10)
Narrow moat 20/100
Evidence: High Range 1,409 KRW – 2,900 KRW Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 21 days ago

Share price +3.5% over the past month.

A solid business, currently priced close to our fair value.

What matters 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.
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Price vs Fair Value (5 years)

6,810 KRW 1,243 KRW Fair Value 1,934 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 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 1,955 KRW price screens above the 1,934 KRW fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Hizeaero Co (221840) currently trades at 1,955 KRW, while our model-based Fair Value estimate is 1,934 KRW, implying the stock looks roughly 1.1% fairly valued today. The Quality Score stands at 54/100 (solid quality), in the Industrials 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: high).

Over the trailing twelve months, Hizeaero Co generated revenue of 36.3B KRW at a net margin of -9.2%. Revenue grew 7.7% year over year. It earns a return on equity of -4.3%. Net debt stands at 42.1B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 1,409 KRW (bear case) to 2,900 KRW (bull case); at 1,955 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 44% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at -1%, 221840 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 947.14 KRW 2,533 KRW 5,066 KRW 80
Residual Income 1,696 KRW 1,715 KRW 1,640 KRW 76
Rev-Margin DCF 697.57 KRW 2,158 KRW 3,919 KRW 74
All 24 models by family
DCF Models
FCF DCF 926.91 KRW 2,553 KRW 5,163 KRW 38
Owner Earnings 268.05 KRW 1,467 KRW 3,392 KRW 31
5Y Revenue Exit 697.57 KRW 2,169 KRW 4,086 KRW 39
5Y EBITDA Exit 1,832 KRW 4,371 KRW 7,430 KRW 41
5Y P/E Exit 303.82 KRW 1,405 KRW 2,584 KRW 38
10Y Revenue Exit 683.93 KRW 2,071 KRW 4,023 KRW 36
10Y EBITDA Exit 1,489 KRW 3,631 KRW 6,666 KRW 37
10Y P/E Exit 500.48 KRW 1,530 KRW 2,836 KRW 35
Earnings-Based
Graham-Dodd 751.26 KRW 2,770 KRW 3,741 KRW 54
Lynch FV 662.77 KRW 946.81 KRW 1,231 KRW 50
PEG = 1.0 662.77 KRW 946.81 KRW 1,231 KRW 46
EPV 526.36 KRW 877.91 KRW 1,186 KRW 59
Multiples
P/E Multiple 1,740 KRW 2,320 KRW 2,900 KRW 63
P/S Multiple 1,409 KRW 1,878 KRW 2,348 KRW 58
P/B Multiple 1,409 KRW 1,878 KRW 2,348 KRW 55
EV/EBIT 1,555 KRW 2,601 KRW 3,646 KRW 53
EV/EBITDA 2,715 KRW 4,148 KRW 5,580 KRW 54
EV/Revenue 656.44 KRW 1,616 KRW 2,576 KRW 43
Asset-Based
NCAV (Graham) 1,107 KRW 1,483 KRW 2,213 KRW 50
Growth DCF
Growth DCF 947.14 KRW 2,533 KRW 5,066 KRW 80
Rev-Margin DCF 697.57 KRW 2,158 KRW 3,919 KRW 74
Economic Profit
Residual Income 1,696 KRW 1,715 KRW 1,640 KRW 76
ROIC Compounder 526.36 KRW 877.91 KRW 1,186 KRW 72
Growth Earnings
Growth-Adj P/E 1,238 KRW 1,769 KRW 2,299 KRW 68

Widest divergence: Growth DCF (2,158 KRW) versus Economic Profit (877.91 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 36.3B KRW
Revenue growth (YoY) +7.7%
Net margin -9.2%
Return on equity -4.3%
Free cash flow 3.9B KRW FY2025
Operating margin 5.8%
More key figures
EPS growth (YoY) +17.2%
Net debt 42.1B KRW FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 52 · Market factors (momentum, volatility) 26

Profitability 29
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 25
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 25
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

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hizeaero Co 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.

Growth Quality 69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
84.6B KRW
Latest YoY
−2.2%
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.
+12.9%
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 (10Y) 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.
+10.6%
Revenue +7.8%/yr
FY21 62.6B KRW
FY22 58.8B KRW
FY23 80.8B KRW
FY24 86.5B KRW
FY25 84.6B KRW
Net income
FY21 −17.3B KRW
FY22 −12.4B KRW
FY23 −8.1B KRW
FY24 −9.4B KRW
FY25 2.1B KRW

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Cite: Fair Value Calculator (2026). "Hizeaero Co Fair Value". https://www.fairvalue-calculator.com/stock/221840

Peer Group

Industrials · 5338 stocks

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.)

Quality Score 54 · Above median
Fair Value upside −1% · Above median
Return on assets -1% · Bottom 25%
Net margin (TTM) -9% · Bottom 25%
Operating margin (TTM) 6% · Below median
Revenue growth 8% · Above median
Debt / equity 0.97× · Higher than 75% of peers

Valuation Multiples vs Industrials median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 13.9× · Pricier than median

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 32 · sector 5
FUTURE 39 · sector 24
PAST 0 · sector 27
HEALTH 52 · sector 94
DIVIDEND 0 · sector 30

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Weapons Defense

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
General Electric Company GE $381.22 $116.71 -69%
RTX Corporation RTX $195.93 $88.37 -55%
Airbus SE 1AIR €213.25 €86.20 -60%
The Boeing Company BA $217.11 $48.20 -78%
China CSSC Holdings 600150 ¥34.31 ¥21.90 -36%
HD Hyundai Heavy Industries Co 329180 466,000 KRW 272,966 KRW -41%
Hanwha Aerospace Co 012450 967,000 KRW 573,468 KRW -41%
ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi ASELS 337.50 TRY 130.70 TRY -61%
Saab AB SAABB kr 520.40 kr 212.84 -59%
Kongsberg Gruppen ASA KOG kr 277.50 kr 106.93 -61%

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Frequently asked questions

Is Hizeaero Co (221840) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 1,934 KRW versus a price of 1,955 KRW, about −1% (fairly valued).
What is the fair value of 221840?
Our model-based fair value for Hizeaero Co is 1,934 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 1,955 KRW.
What is the quality score of 221840?
Hizeaero Co 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 revenue of Hizeaero Co (221840)?
Hizeaero Co reported trailing-twelve-month revenue of about 36.3B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 221840?
The net profit margin of Hizeaero Co is about -9.2%, meaning it is currently running at a net loss. 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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