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HC BoKwang Industry Co (225530) Fair Value & Analysis

Basic Materials · KR · Market cap 73.0B KRW

HB HC BoKwang Industry Co 225530 · KQ
Price1,973 KRW
Fair Value627.66 KRW
Upside-68.2%
Quality50/100
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Weak Growth
Solidly profitable · 11.2% net margin
Low debt · generates free cash flow
2.49% dividend yield
Ranks above peers (6/10)
Narrow moat 35/100
Evidence: Medium Range 627.66 KRW – 1,390 KRW Share as image

Fair value as of: Jul 20, 2026

From 11 valuation models · updated 20 days ago

Fair value updated Jul 20, 2026, revised from 313.83 KRW to 627.66 KRW (+100.0%) since Jun 25, 2026. Share price −16.2% over the past month.

A solid business, but screening 68% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1,390 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.
  • A fairly wide model range (627.66 KRW to 1,390 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

9,913 KRW 1,725 KRW Fair Value 627.66 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 1,725 KRW – 9,913 KRW · fair‑value band 627.66 KRW – 1,390 KRW · the 1,973 KRW price screens above the 627.66 KRW fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

HC BoKwang Industry Co (225530) currently trades at 1,973 KRW, while our model-based Fair Value estimate is 627.66 KRW, implying the stock looks roughly 68.2% 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).

Over the trailing twelve months, HC BoKwang Industry Co generated revenue of 55.4B KRW at a net margin of 11.2%. Revenue declined 4.6% year over year. It earns a return on equity of 9.1%. Net debt stands at 34.8B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 627.66 KRW (bear case) to 1,390 KRW (bull case); at 1,973 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 57% 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 -68%, 225530 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
Growth DCF 3,541 KRW 4,782 KRW 6,905 KRW 80
Rev-Margin DCF 1,889 KRW 2,419 KRW 3,105 KRW 74
EV/EBITDA 637.80 KRW 805.85 KRW 973.90 KRW 54
All 11 models by family
DCF Models
FCF DCF 3,390 KRW 4,668 KRW 7,036 KRW 38
Owner Earnings 1,316 KRW 1,780 KRW 2,639 KRW 31
5Y Revenue Exit 1,889 KRW 2,343 KRW 2,994 KRW 39
5Y EBITDA Exit 1,653 KRW 1,933 KRW 2,306 KRW 41
10Y Revenue Exit 2,430 KRW 2,821 KRW 3,206 KRW 36
10Y EBITDA Exit 2,310 KRW 2,568 KRW 2,802 KRW 37
Multiples
EV/EBITDA 637.80 KRW 805.85 KRW 973.90 KRW 54
EV/Revenue 1,023 KRW 1,405 KRW 1,786 KRW 43
Asset-Based
NCAV (Graham) 1,265 KRW 1,695 KRW 2,530 KRW 50
Growth DCF
Growth DCF 3,541 KRW 4,782 KRW 6,905 KRW 80
Rev-Margin DCF 1,889 KRW 2,419 KRW 3,105 KRW 74

Widest divergence: Growth DCF (2,419 KRW) versus Multiples (805.85 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 55.4B KRW
Revenue growth (YoY) -4.6%
Net margin 11.2%
Return on equity 9.1%
Free cash flow 12.2B KRW FY2025
Operating margin -19.7%
More key figures
Dividend yield 2.2%
EPS growth (YoY) -91.6%
Net debt 34.8B KRW FY2025

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 50 · Market factors (momentum, volatility) 12

Profitability 6
Margins and returns on capital today
Quality Growth 2
Are margins and returns improving?
Cashflow 95
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 2
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

HC BoKwang Industry Co.,Ltd manufactures and sells aggregates, ascons, and ready mixed concrete in South Korea. HC BoKwang Industry Co.,Ltd was formerly known as Bokwang Industry Co., Ltd. and changed its name to HC BoKwang Industry Co.,Ltd in July 2025. The company was founded in 1998 and is headquartered in Daegu, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HC BoKwang Industry Co reported revenue of 38.5B KRW in FY2025 versus 71.9B KRW in FY2021, a compound −14.5%/yr. Reported net income was −2.5B KRW in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
38.5B KRW
Latest YoY
−39.7%
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.
−23.9%
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.
−7.5%
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.
+1.8%
Revenue −14.5%/yr
FY21 71.9B KRW
FY22 87.5B KRW
FY23 85.5B KRW
FY24 63.9B KRW
FY25 38.5B KRW
Net income
FY21 10.1B KRW
FY22 12.1B KRW
FY23 16.7B KRW
FY24 5.2B KRW
FY25 −2.5B KRW

225530 screens 68% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "HC BoKwang Industry Co Fair Value". https://www.fairvalue-calculator.com/stock/225530

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 50 · Below median
Fair Value upside −68% · Bottom 25%
Return on equity (TTM) 9% · Above median
Return on assets 5% · Above median
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) -20% · Bottom 25%
Revenue growth -5% · Below median
Dividend yield (TTM) 2.5% · Above median
Debt / equity 0.05× · Lower 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 0 · sector 0
FUTURE 0 · sector 19
PAST 36 · sector 23
HEALTH 98 · sector 95
DIVIDEND 50 · sector 25

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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 20, 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%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is HC BoKwang Industry Co (225530) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 627.66 KRW versus a price of 1,973 KRW, about −68% (overvalued).
What is the fair value of 225530?
Our model-based fair value for HC BoKwang Industry Co is 627.66 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 1,973 KRW.
What is the quality score of 225530?
HC BoKwang Industry 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 HC BoKwang Industry Co (225530)?
HC BoKwang Industry Co reported trailing-twelve-month revenue of about 55.4B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 225530?
The net profit margin of HC BoKwang Industry Co is about 11.2%, meaning it keeps roughly 11.2% of revenue as net income. Based on the latest reported figures.
Does HC BoKwang Industry Co pay a dividend?
HC BoKwang Industry Co currently shows a dividend yield of about 2.22% relative to its recent price (as of Jul 20, 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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