Hyundai Construction Equipment Co Ltd (267270) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Hyundai Construction Equipment Co Ltd KRW 31,524, price KRW 129,700, upside -75.7%, quality 42 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 29,129 KRW – 198,100 KRW · fair‑value band 17,572 KRW – 42,965 KRW · the 129,700 KRW price screens above the 31,524 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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HD Construction Equipment Co., Ltd. engages in the manufacturing and distribution of construction equipment. The company offers excavators, wheel loaders, backhoe loaders, skid steer loaders, compact track loaders, special equipment, articulated dump tracks, wide-body dump tracks, dozers, and motor graders, as well as parts and accessories.
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HD Construction Equipment Co., Ltd. engages in the manufacturing and distribution of construction equipment. The company offers excavators, wheel loaders, backhoe loaders, skid steer loaders, compact track loaders, special equipment, articulated dump tracks, wide-body dump tracks, dozers, and motor graders, as well as parts and accessories. It operates under the HYUNDAI and DEVELON brand names. The company was formerly known as HD Hyundai Construction Equipment Co., Ltd. and changed its name to HD Construction Equipment Co., Ltd. in January 2026. HD Construction Equipment Co., Ltd. was founded in 1985 and is based in Seoul, South Korea.
Stock analysis
Hyundai Construction Equipment Co Ltd (267270) currently trades at 129,700 KRW, while our model-based Fair Value estimate is 31,524 KRW, implying the stock looks roughly 311.4% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 43,740 KRW per share, and 0 of the 23 models we run sit above the 129,700 KRW price.
Bear case: the Growth DCF group reads lowest at 13,404 KRW, and 23 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: 17,572 KRW (bear) to 42,965 KRW (bull), the price of 129,700 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 42/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Hyundai Construction Equipment Co Ltd reported revenue of 3.8T KRW in FY2025 versus 3.3T KRW in FY2021, a compound +3.6%/yr. Reported net income was 99.4B KRW in FY2025, compounding −3.3%/yr from FY2021.
Key figures
Market cap 6.2T KRW (≈ $4.4B) · P/S ratio 1.20 · Dividend yield 0.4% · Net margin 2.6% · Return on equity 7.1% · Return on assets (EBIT) 5.6% · Operating margin 8.3% · Revenue (TTM) 5.2T 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 35% below its 52-week high and 48% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 16% fair-value upside, at −76%, 267270 screens richer than that median.
Fair Value models
Bear 17,572 KRWFair Value 31,524 KRWBull 42,965 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.55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+9.8%
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.
+2.4%
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.
+7.6%
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.
+9.1%
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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.
−7.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.5%
Dividend (yield on the price)0.4%
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.4% → 5%
Growth Forecast
A lot of optimism in the price
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).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+28.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +25.8% a year for the forecasts.
Compare Hyundai Construction Equipment Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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.Farm & Heavy Construction Machinery · 149 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−76% · Bottom 25%
Profitability
Return on equity (TTM)7% · Below median
Return on assets3% · Above median
Net margin (TTM)5% · Below median
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth154% · Top 25%
Dividend yield (TTM)0.4% · Bottom 25%
Balance sheet
Debt / equity0.20× · Above median
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
P/FCF0.4× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 37
FUTURE (revenue growth)100· sector 30
PAST (return on equity)28· sector 33
HEALTH (low debt)90· sector 93
DIVIDEND (yield)8· sector 38
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hyundai Construction Equipment Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/267270
Frequently asked questions
Is Hyundai Construction Equipment Co Ltd (267270) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 31,524 KRW versus a price of 129,700 KRW, about −76% upside (overvalued).
What is the fair value of 267270?
Our model-based fair value for Hyundai Construction Equipment Co Ltd is 31,524 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 129,700 KRW.
What is the quality score of 267270?
Hyundai Construction Equipment Co Ltd has a Quality Score of 42/100. 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 Hyundai Construction Equipment Co Ltd (267270)?
Our model-based price target is the fair value of 31,524 KRW (as of Sep 24, 2026) from 23 valuation models. Cautious scenario 17,572 KRW, optimistic scenario 42,965 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hyundai Construction Equipment Co Ltd stock forecast for 2026?
Our models put fair value at 31,524 KRW, about −76% upside versus a price of 129,700 KRW (overvalued). Cautious scenario 17,572 KRW, optimistic scenario 42,965 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hyundai Construction Equipment Co Ltd (267270)?
Hyundai Construction Equipment Co Ltd reported trailing-twelve-month revenue of about 5.2T KRW (latest available figure, as of Sep 24, 2026).
Does Hyundai Construction Equipment Co Ltd pay a dividend?
Hyundai Construction Equipment Co Ltd currently shows a dividend yield of about 0.42% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Hyundai Construction Equipment Co Ltd (267270)?
For today's price to be fair in a discounted-cash-flow model, Hyundai Construction Equipment Co Ltd would have to grow free cash flow by more than 80 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 267270 use?
Our models discount Hyundai Construction Equipment Co Ltd at 9.8 %: a base by market capitalisation (mega), damped by beta 1.29, 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 Hyundai Construction Equipment Co Ltd that is more than 80 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Hyundai Construction Equipment Co Ltd (267270) delivered so far?
Over the past 5 years revenue at Hyundai Construction Equipment Co Ltd grew +7.6 % a year. The price currently implies more than 80 % 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 Hyundai Construction Equipment Co Ltd (267270) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Hyundai Construction Equipment Co Ltd (more than 80 % 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 Hyundai Construction Equipment Co Ltd (267270)?
The free-cash-flow yield on the price is 0.18 %: that much free cash flow Hyundai Construction Equipment Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hyundai Construction Equipment Co Ltd (267270)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hyundai Construction Equipment Co Ltd it is 31,524 KRW per share (as of Sep 24, 2026), against a price of 129,700 KRW. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Hyundai Construction Equipment Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 267270 trades above its calculated fair value: price 129,700 KRW, fair value 31,524 KRW, a gap of about −76% (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 267270?
No. The price is what the market pays today (129,700 KRW); the fair value is what the company's own numbers justify (31,524 KRW). For Hyundai Construction Equipment Co Ltd the two are 98,176 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hyundai Construction Equipment Co Ltd worth?
The market values Hyundai Construction Equipment Co Ltd at about 6.2T KRW (market capitalisation, as of Sep 24, 2026). Per share that is 129,700 KRW; our models calculate a fair value of 31,524 KRW per share.
What do the bullish and bearish scenarios say about 267270?
Our models span a range for Hyundai Construction Equipment Co Ltd: cautious scenario 17,572 KRW, base 31,524 KRW, optimistic 42,965 KRW per share (as of Sep 24, 2026, price 129,700 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hyundai Construction Equipment Co Ltd (267270)?
Balance-sheet figures for Hyundai Construction Equipment Co Ltd (as of Sep 24, 2026): return on equity 7.1%, debt of 0.20 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 267270 from its 52-week high?
Hyundai Construction Equipment Co Ltd trades at 129,700 KRW, about 35% below its 52-week high of 198,100 KRW and 48% above the low of 87,858 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 31,524 KRW is for.
Which stocks are comparable to Hyundai Construction Equipment Co Ltd?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, PACCAR Inc, Daimler Truck Holding, 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 Hyundai Construction Equipment Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 129,700 KRW, calculated fair value 31,524 KRW (−76%), Quality Score 42/100, from 23 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 267270 calculated?
We run Hyundai Construction Equipment Co Ltd through 23 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 31,524 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 14.1 % above its aggregate fair value. Hyundai Construction Equipment 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 Hyundai Construction Equipment Co Ltd (267270)?
The closing price on Sep 23, 2026 was 129,700 KRW. Our model-based fair value is 31,524 KRW, about −76% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hyundai Construction Equipment Co Ltd right now?
The price sits above even our optimistic bull case (42,965 KRW). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (17,572 KRW to 42,965 KRW) leaves room in how you read the outcome.
Key figures of Hyundai Construction Equipment Co Ltd
How large is the market capitalisation of Hyundai Construction Equipment Co Ltd (267270)?
The market capitalisation of Hyundai Construction Equipment Co Ltd is 6.2T KRW (≈ $4.4B). 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 Hyundai Construction Equipment Co Ltd (267270)?
The price-to-sales ratio of Hyundai Construction Equipment Co Ltd is 1.20 (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 Hyundai Construction Equipment Co Ltd (267270)?
The dividend yield of Hyundai Construction Equipment Co Ltd is 0.4%. 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 Hyundai Construction Equipment Co Ltd (267270)?
The net margin of Hyundai Construction Equipment Co Ltd is 2.6% (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 Hyundai Construction Equipment Co Ltd (267270)?
The return on equity (ROE) of Hyundai Construction Equipment Co Ltd is 7.1% (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 Hyundai Construction Equipment Co Ltd (267270)?
On an EBIT basis the return on assets of Hyundai Construction Equipment Co Ltd is 5.6% (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 Hyundai Construction Equipment Co Ltd (267270)?
The operating margin of Hyundai Construction Equipment Co Ltd is 8.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hyundai Construction Equipment Co Ltd (267270)?
Revenue at Hyundai Construction Equipment Co Ltd is growing +154% versus a year earlier (3y avg +2.4%). 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 Hyundai Construction Equipment Co Ltd (267270)?
Earnings per share at Hyundai Construction Equipment Co Ltd are growing +125% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hyundai Construction Equipment Co Ltd (267270) carry?
The net debt of Hyundai Construction Equipment Co Ltd is 402B KRW (fiscal year 2025, ≈ 34.9 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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