Hyundai Construction Equipment Co Ltd (267270) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hyundai Construction Equipment Co Ltd stock KRW 30,055, price KRW 80,000, that is 62.4% below the price, quality 43 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 29,129 KRW – 198,100 KRW · fair‑value band 16,203 KRW – 43,085 KRW · the 80,000 KRW price screens above the 30,055 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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HD Construction Equipment Co., Ltd. engages in the manufacturing and distribution of construction equipment.
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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 80,000 KRW, while our model-based Fair Value estimate is 30,055 KRW, 62% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 41,055 KRW per share, and 0 of the 24 models we run sit above the 80,000 KRW price.
Bear case: the Growth DCF group reads lowest at 9,354 KRW, and 24 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 16,203 KRW (bear) to 43,085 KRW (bull), the price of 80,000 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 43/100 (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 3.7T KRW (≈ $2.7B) Mid · P/E ratio 10.6 · P/S ratio 0.56 · EPS (TTM) 8,837 KRW · Dividend yield 0.7% · Net margin 6.3% · Return on equity 12.1% · Return on assets (EBIT) 5.6% (5-year average).
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 60% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −62%, 267270 screens richer than that median.
Fair Value models
Bear16,203 KRWFair Value 30,055 KRWBull43,085 KRW
Price 80,000 KRW · Downside -62.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (7,083 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCF6,505 KRW9,740 KRW14,078 KRW80
Growth DCF6,550 KRW9,354 KRW12,879 KRW79
Residual Income27,861 KRW27,440 KRW28,688 KRW76
All 24 models by family
DCF Models
FCF DCF6,505 KRW9,740 KRW14,078 KRW80
5Y Revenue Exit20,863 KRW37,473 KRW59,069 KRW71
5Y EBITDA Exit28,111 KRW51,045 KRW78,136 KRW74
5Y P/E Exit19,734 KRW35,359 KRW51,888 KRW70
10Y Revenue Exit13,982 KRW26,863 KRW44,724 KRW64
10Y EBITDA Exit19,063 KRW35,504 KRW58,071 KRW66
10Y P/E Exit14,161 KRW25,517 KRW39,698 KRW62
Earnings-Based
Graham-Dodd14,203 KRW44,643 KRW59,432 KRW64
Lynch FV9,767 KRW13,952 KRW18,138 KRW61
PEG = 1.09,767 KRW13,952 KRW18,138 KRW57
EPV19,227 KRW21,952 KRW24,226 KRW74
Dividend Discount
Gordon GGM1,447 KRW2,618 KRW3,616 KRW68
DDM Multi-Stage1,447 KRW2,264 KRW2,795 KRW67
Multiples
P/E Multiple32,896 KRW43,862 KRW54,827 KRW63
P/S Multiple26,630 KRW35,507 KRW44,384 KRW58
P/B Multiple17,329 KRW23,105 KRW28,882 KRW55
EV/EBIT37,351 KRW52,614 KRW67,878 KRW65
EV/EBITDA40,182 KRW56,389 KRW72,596 KRW67
EV/Revenue24,242 KRW38,249 KRW52,255 KRW53
Asset-Based
NCAV (Graham)6,299 KRW9,544 KRW11,930 KRW54
Growth DCF
Growth DCF6,550 KRW9,354 KRW12,879 KRW79
Economic Profit
Residual Income27,861 KRW27,440 KRW28,688 KRW76
ROIC Compounder19,227 KRW21,952 KRW24,226 KRW72
Growth Earnings
Growth-Adj P/E27,294 KRW38,991 KRW50,688 KRW67
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.60/100
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.
−6.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.5%
Dividend (yield on the price)0.7%
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
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+75.2%
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.
+28.8%
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 +71.6% a year for the price and +26.1% 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 · 145 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside−62.4% · Bottom 25%
Profitability
Return on equity (12 months)12.1% · Above median
Return on assets2.8% · Below median
Net margin (12 months)6.3% · Above median
Operating margin (12 months)10.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)151.5% · Top 25%
Dividend yield (12 months)0.7% · Below median
Balance sheet
Debt / equity0.20× · Above median
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
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 Nov 3, 2026, our model estimates a fair value of 30,055 KRW versus a price of 80,000 KRW, about 62% lower (overvalued).
What is the fair value of 267270?
Our model-based fair value for Hyundai Construction Equipment Co Ltd is 30,055 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 80,000 KRW.
What is the quality score of 267270?
Hyundai Construction Equipment Co Ltd has a Quality Score of 43/100. 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 30,055 KRW (as of Nov 3, 2026) from 24 valuation models. Cautious scenario 16,203 KRW, optimistic scenario 43,085 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 30,055 KRW, about 62% lower versus a price of 80,000 KRW (overvalued). Cautious scenario 16,203 KRW, optimistic scenario 43,085 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 6.6T KRW (latest available figure, as of Nov 3, 2026).
Does Hyundai Construction Equipment Co Ltd pay a dividend?
Hyundai Construction Equipment Co Ltd currently shows a dividend yield of 0.69% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Hyundai Construction Equipment Co Ltd (267270) and when is the ex-dividend date?
Hyundai Construction Equipment Co Ltd pays a dividend of 550.00 KRW per share a year, a dividend yield of 0.7%. The last ex-dividend date was Feb 26, 2026. The payout ratio is 6.2% of earnings. Free cash flow covers the dividend 0.44 times. Our assessment: Token dividend. At a yield of 0.7% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.7% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
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 +75.2 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.6 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 267270 use?
Our models discount Hyundai Construction Equipment Co Ltd at 10.9 %: a base by market capitalisation (mid), damped by beta 1.31, 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 +75.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) 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 free-cash-flow growth of +75.2 % per 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 +7.8 % a year. That is the yardstick for the growth priced into Hyundai Construction Equipment Co Ltd (+75.2 % per 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 0.30 %: 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 (10.9 %), 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 30,055 KRW per share (as of Nov 3, 2026), against a price of 80,000 KRW. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Hyundai Construction Equipment Co Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 267270 trades above its calculated fair value: price 80,000 KRW, fair value 30,055 KRW, a gap of about −62% (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 (80,000 KRW); the fair value is what the company's own numbers justify (30,055 KRW). For Hyundai Construction Equipment Co Ltd the two are 49,945 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 3.7T KRW (market capitalisation, as of Nov 3, 2026). Per share that is 80,000 KRW; our models calculate a fair value of 30,055 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 16,203 KRW, base 30,055 KRW, optimistic 43,085 KRW per share (as of Nov 3, 2026, price 80,000 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 267270?
Hyundai Construction Equipment Co Ltd trades at a price-to-earnings ratio of 10.6 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 30,055 KRW is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2018 to 2025), reported earnings: 10.2. Other multiples: P/B 2.1, P/S 0.6, EV/EBITDA 5.4.
How solid is the balance sheet of Hyundai Construction Equipment Co Ltd (267270)?
Balance-sheet figures for Hyundai Construction Equipment Co Ltd (as of Nov 3, 2026): return on equity 12.1%, debt of 0.20 per unit of equity. They feed the Quality Score of 43/100, 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 80,000 KRW, about 60% below its 52-week high of 198,100 KRW and 4% above the low of 77,200 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 30,055 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 Nov 3, 2026: price 80,000 KRW, calculated fair value 30,055 KRW (−62%), Quality Score 43/100, 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 267270 calculated?
We run Hyundai Construction Equipment Co Ltd through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 30,055 KRW builds on their evidence-weighted average, 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. 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 Nov 6, 2026 was 80,000 KRW. Our model-based fair value is 30,055 KRW, about 62% lower (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 (43,085 KRW). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (16,203 KRW to 43,085 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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 3.7T KRW (≈ $2.7B). 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 0.56 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hyundai Construction Equipment Co Ltd (267270)?
Earnings per share at Hyundai Construction Equipment Co Ltd are 8,837 KRW (price ÷ EPS = P/E 10.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hyundai Construction Equipment Co Ltd (267270)?
The dividend yield of Hyundai Construction Equipment Co Ltd is 0.7% (payout 6.2%). 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 6.3% (last twelve months). 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 12.1% (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 10.3% (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 +152% 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 +12.6% 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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Nov 3, 2026