Hyundai Development Co (294870) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Hyundai Development Co KRW 40,141, price KRW 23,700, upside +69.4%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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IPARK Hyundai Development Company, operates as a financial real estate company, provides real estate services primarily in South Korea. The company is involved in general architecture, civil engineering, outsourced housing, and self-construction activities.
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IPARK Hyundai Development Company, operates as a financial real estate company, provides real estate services primarily in South Korea. The company is involved in general architecture, civil engineering, outsourced housing, and self-construction activities. The company was formerly known as HDC Hyundai Development Company and changed its name to IPARK Hyundai Development Company in March 2026. IPARK Hyundai Development Company is headquartered in Seoul, South Korea.
Stock analysis
Hyundai Development Co (294870) currently trades at 23,700 KRW, while our model-based Fair Value estimate is 40,141 KRW, implying the stock looks roughly 41.0% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 53,057 KRW per share, and 10 of the 13 models we run sit above the 23,700 KRW price.
Bear case: the Earnings-Based group reads lowest at 20,629 KRW, and 3 of the 13 models stay below the price. Evidence for this calculation is medium.
Scenario range: 32,071 KRW (bear) to 52,184 KRW (bull), the price of 23,700 KRW sits below 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 Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Hyundai Development Co reported revenue of 4.1T KRW in FY2025 versus 3.4T KRW in FY2021, a compound +5.4%/yr. Reported net income was 158B KRW in FY2025, compounding −2.7%/yr from FY2021.
Key figures
Market cap 1.5T KRW (≈ $1.1B) · P/S ratio 0.34 · Dividend yield 3.0% · Net margin 3.8% · Return on equity 4.8% · Return on assets (EBIT) 2.9% · Operating margin 11.9% · Revenue (TTM) 3.9T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 38% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at 69%, 294870 screens cheaper than that median.
Fair Value models
Bear 32,071 KRWFair Value 40,141 KRWBull 52,184 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.25/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−2.6%
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.
+7.9%
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.
+2.5%
Start year 2020 (pandemic)
Revenue growth 7 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.
+5.8%
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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.
−2.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.8%
Dividend (yield on the price)3.0%
Profit margin 2019 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.13% → 6%
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.Engineering & Construction · 836 stocks
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 Development Co Fair Value". https://www.fairvalue-calculator.com/stock/294870
Frequently asked questions
Is Hyundai Development Co (294870) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 40,141 KRW versus a price of 23,700 KRW, about +69% upside (undervalued).
What is the fair value of 294870?
Our model-based fair value for Hyundai Development Co is 40,141 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 23,700 KRW.
What is the quality score of 294870?
Hyundai Development Co 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 Hyundai Development Co (294870)?
Our model-based price target is the fair value of 40,141 KRW (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 32,071 KRW, optimistic scenario 52,184 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hyundai Development Co stock forecast for 2026?
Our models put fair value at 40,141 KRW, about +69% upside versus a price of 23,700 KRW (undervalued). Cautious scenario 32,071 KRW, optimistic scenario 52,184 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hyundai Development Co (294870)?
Hyundai Development Co reported trailing-twelve-month revenue of about 3.9T KRW (latest available figure, as of Sep 24, 2026).
Does Hyundai Development Co pay a dividend?
Hyundai Development Co currently shows a dividend yield of about 2.95% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Hyundai Development Co (294870)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hyundai Development Co it is 40,141 KRW per share (as of Sep 24, 2026), against a price of 23,700 KRW. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Hyundai Development Co stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 294870 trades below its calculated fair value: price 23,700 KRW, fair value 40,141 KRW, a gap of about +69% (undervalued). 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 294870?
No. The price is what the market pays today (23,700 KRW); the fair value is what the company's own numbers justify (40,141 KRW). For Hyundai Development Co the two are 16,441 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hyundai Development Co worth?
The market values Hyundai Development Co at about 1.5T KRW (market capitalisation, as of Sep 24, 2026). Per share that is 23,700 KRW; our models calculate a fair value of 40,141 KRW per share.
What do the bullish and bearish scenarios say about 294870?
Our models span a range for Hyundai Development Co: cautious scenario 32,071 KRW, base 40,141 KRW, optimistic 52,184 KRW per share (as of Sep 24, 2026, price 23,700 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hyundai Development Co (294870)?
Balance-sheet figures for Hyundai Development Co (as of Sep 24, 2026): return on equity 4.8%, debt of 0.24 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 294870 from its 52-week high?
Hyundai Development Co trades at 23,700 KRW, about 5% below its 52-week high of 24,850 KRW and 38% above the low of 17,210 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 40,141 KRW is for.
Which stocks are comparable to Hyundai Development Co?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 Development Co stock attractive at the current price?
The data as of Sep 24, 2026: price 23,700 KRW, calculated fair value 40,141 KRW (+69%), Quality Score 47/100, from 13 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 294870 calculated?
We run Hyundai Development Co through 13 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 40,141 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 Development Co currently trades 69 % below its own fair value, and the market average says nothing about that. 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 Development Co (294870)?
The closing price on Sep 23, 2026 was 23,700 KRW. Our model-based fair value is 40,141 KRW, about +69% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hyundai Development Co right now?
The price is below even our cautious bear case (32,071 KRW). The market is more pessimistic than our downside scenario. Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Hyundai Development Co
How large is the market capitalisation of Hyundai Development Co (294870)?
The market capitalisation of Hyundai Development Co is 1.5T KRW (≈ $1.1B). 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 Development Co (294870)?
The price-to-sales ratio of Hyundai Development Co is 0.34 (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 Development Co (294870)?
The dividend yield of Hyundai Development Co is 3.0%. 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 Development Co (294870)?
The net margin of Hyundai Development Co is 3.8% (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 Development Co (294870)?
The return on equity (ROE) of Hyundai Development Co is 4.8% (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 Development Co (294870)?
On an EBIT basis the return on assets of Hyundai Development Co is 2.9% (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 Development Co (294870)?
The operating margin of Hyundai Development Co is 11.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hyundai Development Co (294870)?
Revenue at Hyundai Development Co is growing −25.6% versus a year earlier (3y avg +7.9%). 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 Development Co (294870)?
Earnings per share at Hyundai Development Co are growing −7.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hyundai Development Co (294870) generate?
The free cash flow of Hyundai Development Co is −120B 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 Hyundai Development Co (294870) carry?
The net debt of Hyundai Development Co is 1.6T 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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