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Hana Financial 7 SPAC (230240) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Hana Financial 7 SPAC KRW 5,091, price KRW 13,810, upside -63.1%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · KR · ISIN KR7230240004

HF Thin data Sep 24, 2026

Hana Financial 7 SPAC

230240 · KQ

Weakest SetupStrongly overvalued and low quality.

!Fair value 5,091 KRW · Strongly overvalued (−63%)
!Quality 47/100
!Weak Growth (revenue 5y +9.0 %/yr)
!Loss-making · -6.6% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (1/9)
!Narrow moat 9/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 27 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

38,724 KRW 7,363 KRW Fair Value 5,091 KRW May 2021 Sep 2026

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 7,363 KRW – 38,724 KRW · fair‑value band 3,322 KRW – 6,859 KRW · the 13,810 KRW price screens above the 5,091 KRW fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

HFR, Inc. provides digital infrastructure solutions for telco/enterprise markets in the field of wired and wireless access in South Korea. The company offers mobile access solutions, such as flexi-haul WDM xHaul, semi-passive WDM xHaul, packet xHaul, distributed antenna systems, and carrier ethernet switches.

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HFR, Inc. provides digital infrastructure solutions for telco/enterprise markets in the field of wired and wireless access in South Korea. The company offers mobile access solutions, such as flexi-haul WDM xHaul, semi-passive WDM xHaul, packet xHaul, distributed antenna systems, and carrier ethernet switches. It also provides broadband access solutions, including FTTH, FTTB+LAN, and FTTB+G solutions; and private 5G solutions comprising BSS/OSS, vCore, vRAN, and vertical applications for digital transformation in enterprises and industries. In addition, the company offers 5G-PON; OLT, PON OLT, OLT, PON OLT, ONU/MDU, PON ONU, CPE, Home CPE, Wi-Fi AP, and PoE and TNS Switch; and 5G SA Network products. HFR, Inc. was founded in 2000 and is based in Seongnam-si, South Korea.

Stock analysis

Hana Financial 7 SPAC (230240) currently trades at 13,810 KRW, while our model-based Fair Value estimate is 5,091 KRW, implying the stock looks roughly 171.3% overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 8,030 KRW per share, and 0 of the 4 models we run sit above the 13,810 KRW price.

Bear case: the Dividend Discount group reads lowest at 1,711 KRW, and 4 of the 4 models stay below the price. Evidence for this calculation is low.

Scenario range: 3,322 KRW (bear) to 6,859 KRW (bull), the price of 13,810 KRW sits above 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 47/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Hana Financial 7 SPAC reported revenue of 142B KRW in FY2025 versus 206B KRW in FY2021, a compound −8.9%/yr. Reported net income was −309M KRW in FY2025.

Key figures

Market cap 212B KRW (≈ $156M) · P/S ratio 1.61 · Dividend yield 1.4% · Net margin −0.2% · Return on equity −5.2% · Return on assets (EBIT) 5.8% · Operating margin −35.2% · Revenue (TTM) 131B KRW.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).

What moves the price

The share trades about 64% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −63%, 230240 screens richer than that median.

Fair Value models

Bear 3,322 KRW Fair Value 5,091 KRW Bull 6,859 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.
Highest evidence
Gordon GGM 1,552 KRW 1,711 KRW 1,898 KRW 69
DDM Multi-Stage 1,552 KRW 1,860 KRW 2,202 KRW 67
EV/EBITDA 6,262 KRW 8,030 KRW 9,799 KRW 67
All 4 models by family
Dividend Discount
Gordon GGM 1,552 KRW 1,711 KRW 1,898 KRW 69
DDM Multi-Stage 1,552 KRW 1,860 KRW 2,202 KRW 67
Multiples
EV/EBITDA 6,262 KRW 8,030 KRW 9,799 KRW 67
Asset-Based
NCAV (Graham) 5,494 KRW 7,362 KRW 10,988 KRW 54

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Quality Score breakdown

Overall quality 47/100

Of which business quality 47 · Market factors (momentum, volatility) 17

Profitability 19
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 94
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 10/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−9.6%
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.
−27.1%
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.
+9.0%
Start year 2020 (pandemic)
Revenue growth 8 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.
+1.0%
Profit margin (trend) ⓘ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.
−28.6% (2020) → −1.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

230240 screens 171% overvalued. Compare with Cisco Systems, Inc →

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Peer Groupⓘ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.Communication Equipment · 316 stocks

Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 47 · Below median
Fair Value upside −63% · Below median
Profitability
Return on assets −1% · Below median
Net margin (TTM) −7% · Bottom 25%
Operating margin (TTM) −35% · Bottom 25%
Growth and dividend
Revenue growth −39% · Bottom 25%
Dividend yield (TTM) 1.4% · Above median
Balance sheet
Debt / equity 0.23× · Highest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 37
PAST (return on equity)0 · sector 15
HEALTH (low debt)88 · sector 98
DIVIDEND (yield)27 · sector 23

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Communication Equipment stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $106.97 $117.67 +10%
Foxconn Industrial Internet Co 601138 ¥61.00 ¥13.99 −77%
Zhongji Innolight Co 300308 ¥895.86 ¥342.18 −62%
Eoptolink Technology Inc 300502 ¥455.00 ¥329.86 −28%
Nokia Oyj NOK $10.63 $3.71 −65%
Motorola Solutions, Inc MSI $460.44 $248.10 −46%
Ciena Corporation CIEN $368.56 $48.80 −87%
Suzhou TFC Optical Communication Co 300394 ¥275.84 ¥87.34 −68%
Yangtze Optical Fibre And Cable Joint Stock Limited 6869 HK$190.50 HK$32.70 −83%
Accton Technology Corporation 2345 1,895 TWD 2,085 TWD +10%

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Hana Financial 7 SPAC · Fair Value
5,091 KRW −171%Fair Value
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Cite: Fair Value Calculator (2026). "Hana Financial 7 SPAC Fair Value". https://www.fairvalue-calculator.com/stock/230240

Frequently asked questions

Is Hana Financial 7 SPAC (230240) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 5,091 KRW versus a price of 13,810 KRW, about −63% upside (overvalued).
What is the fair value of 230240?
Our model-based fair value for Hana Financial 7 SPAC is 5,091 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 13,810 KRW.
What is the quality score of 230240?
Hana Financial 7 SPAC has a Quality Score of 47/100. 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 Hana Financial 7 SPAC (230240)?
Our model-based price target is the fair value of 5,091 KRW (as of Sep 24, 2026) from 4 valuation models. Cautious scenario 3,322 KRW, optimistic scenario 6,859 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hana Financial 7 SPAC stock forecast for 2026?
Our models put fair value at 5,091 KRW, about −63% upside versus a price of 13,810 KRW (overvalued). Cautious scenario 3,322 KRW, optimistic scenario 6,859 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hana Financial 7 SPAC (230240)?
Hana Financial 7 SPAC reported trailing-twelve-month revenue of about 131B KRW (latest available figure, as of Sep 24, 2026).
Does Hana Financial 7 SPAC pay a dividend?
Hana Financial 7 SPAC currently shows a dividend yield of about 1.36% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Hana Financial 7 SPAC (230240)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hana Financial 7 SPAC it is 5,091 KRW per share (as of Sep 24, 2026), against a price of 13,810 KRW. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Hana Financial 7 SPAC stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 230240 trades above its calculated fair value: price 13,810 KRW, fair value 5,091 KRW, a gap of about −63% (overvalued). 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 230240?
No. The price is what the market pays today (13,810 KRW); the fair value is what the company's own numbers justify (5,091 KRW). For Hana Financial 7 SPAC the two are 8,719 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hana Financial 7 SPAC worth?
The market values Hana Financial 7 SPAC at about 212B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 13,810 KRW; our models calculate a fair value of 5,091 KRW per share.
What do the bullish and bearish scenarios say about 230240?
Our models span a range for Hana Financial 7 SPAC: cautious scenario 3,322 KRW, base 5,091 KRW, optimistic 6,859 KRW per share (as of Sep 24, 2026, price 13,810 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hana Financial 7 SPAC (230240)?
Balance-sheet figures for Hana Financial 7 SPAC (as of Sep 24, 2026): return on equity −5.2%, debt of 0.23 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 230240 from its 52-week high?
Hana Financial 7 SPAC trades at 13,810 KRW, about 64% below its 52-week high of 38,050 KRW and 21% above the low of 11,400 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 5,091 KRW is for.
Which stocks are comparable to Hana Financial 7 SPAC?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Eoptolink Technology Inc, 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 Hana Financial 7 SPAC stock attractive at the current price?
The data as of Sep 24, 2026: price 13,810 KRW, calculated fair value 5,091 KRW (−63%), Quality Score 47/100, from 4 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 230240 calculated?
We run Hana Financial 7 SPAC through 4 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 5,091 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 14.0 % above its aggregate fair value. Hana Financial 7 SPAC 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 Hana Financial 7 SPAC (230240)?
The closing price on Sep 23, 2026 was 13,810 KRW. Our model-based fair value is 5,091 KRW, about −63% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hana Financial 7 SPAC right now?
The price sits above even our optimistic bull case (6,859 KRW). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (3,322 KRW to 6,859 KRW) leaves room in how you read the outcome.

Key figures of Hana Financial 7 SPAC

How large is the market capitalisation of Hana Financial 7 SPAC (230240)?
The market capitalisation of Hana Financial 7 SPAC is 212B KRW (≈ $156M). 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 Hana Financial 7 SPAC (230240)?
The price-to-sales ratio of Hana Financial 7 SPAC is 1.61 (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 Hana Financial 7 SPAC (230240)?
The dividend yield of Hana Financial 7 SPAC is 1.4%. 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 Hana Financial 7 SPAC (230240)?
The net margin of Hana Financial 7 SPAC is −0.2% (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 Hana Financial 7 SPAC (230240)?
The return on equity (ROE) of Hana Financial 7 SPAC is −5.2% (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 Hana Financial 7 SPAC (230240)?
On an EBIT basis the return on assets of Hana Financial 7 SPAC is 5.8% (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 Hana Financial 7 SPAC (230240)?
The operating margin of Hana Financial 7 SPAC is −35.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hana Financial 7 SPAC (230240)?
Revenue at Hana Financial 7 SPAC is growing −39.3% versus a year earlier (3y avg −27.1%). 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 Hana Financial 7 SPAC (230240)?
Earnings per share at Hana Financial 7 SPAC are growing −87.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hana Financial 7 SPAC (230240) generate?
The free cash flow of Hana Financial 7 SPAC is −17.6B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Hana Financial 7 SPAC (230240) carry?
The net debt of Hana Financial 7 SPAC is 25.7B KRW (fiscal year 2025). 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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