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IPARK Hyundai Development Company (294870) Fair Value & Analysis

Industrials · KR · Market cap 1.3T KRW

IH IPARK Hyundai Development Company 294870 · KO
Price22,650 KRW
Fair Value41,979 KRW
Upside+85.3%
Quality47/100
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Expensive Growth
Thin margins · 3.9% net margin
Low debt · negative free cash flow
3.37% dividend yield
Mixed vs. peers (5/9)
Narrow moat 35/100
Evidence: Medium Range 32,213 KRW – 52,184 KRW Share as image

Fair value as of: Jul 24, 2026

From 13 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from 42,047 KRW to 41,979 KRW (−0.2%) since Jun 25, 2026. Share price +25.8% over the past month.

Below-average quality, screening 85% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (32,213 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.
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Price vs Fair Value (5 years)

26,959 KRW 8,260 KRW Fair Value 41,979 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 8,260 KRW – 26,959 KRW · fair‑value band 32,213 KRW – 52,184 KRW · the 22,650 KRW price screens below the 41,979 KRW fair value. Dashed = 300-day average. As of Jul 24, 2026.

Full chart & analysis →

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Analysis

IPARK Hyundai Development Company (294870) currently trades at 22,650 KRW, while our model-based Fair Value estimate is 41,979 KRW, implying the stock looks roughly 85.3% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, IPARK Hyundai Development Company generated revenue of 3.9T KRW at a net margin of 3.9%. Revenue declined 25.6% year over year. It earns a return on equity of 4.8%. Net debt stands at 1.6T KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 32,213 KRW (bear case) to 52,184 KRW (bull case); at 22,650 KRW, the current price sits below 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 12% below its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 85%, 294870 screens cheaper 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 BearBaseBull Evidence
Highest evidence
Residual Income 39,889 KRW 40,515 KRW 39,364 KRW 76
ROIC Compounder 22,525 KRW 26,204 KRW 29,475 KRW 72
Growth-Adj P/E 28,099 KRW 40,141 KRW 52,184 KRW 68
All 13 models by family
DCF Models
Owner Earnings 16,383 KRW 22,162 KRW 33,171 KRW 31
Earnings-Based
Graham-Dodd 17,180 KRW 30,188 KRW 37,063 KRW 54
EPV 22,525 KRW 26,204 KRW 29,475 KRW 59
Multiples
P/E Multiple 39,793 KRW 53,057 KRW 66,321 KRW 63
P/S Multiple 32,213 KRW 42,951 KRW 53,688 KRW 58
P/B Multiple 32,213 KRW 42,951 KRW 53,688 KRW 55
EV/EBIT 52,313 KRW 69,193 KRW 86,073 KRW 53
EV/EBITDA 48,263 KRW 63,793 KRW 79,323 KRW 54
EV/Revenue 37,816 KRW 53,306 KRW 68,796 KRW 43
Asset-Based
NCAV (Graham) 25,663 KRW 34,388 KRW 51,326 KRW 50
Economic Profit
Residual Income 39,889 KRW 40,515 KRW 39,364 KRW 76
ROIC Compounder 22,525 KRW 26,204 KRW 29,475 KRW 72
Growth Earnings
Growth-Adj P/E 28,099 KRW 40,141 KRW 52,184 KRW 68

Widest divergence: Multiples (53,057 KRW) versus DCF Models (22,162 KRW). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 3.9T KRW
Revenue growth (YoY) -25.6%
Net margin 3.9%
Return on equity 4.8%
Free cash flow −120B KRW FY2025
Operating margin 11.9%
More key figures
Dividend yield 3.4%
EPS growth (YoY) -7.2%
Net debt 1.6T KRW FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 43 · Market factors (momentum, volatility) 46

Profitability 26
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 91
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

IPARK Hyundai Development Company 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.

Growth Quality 25/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.1T KRW
Latest YoY
−2.6%
Avg. growth/yr (3Y)
+7.9%
Avg. growth/yr (5Y)
+2.5%
Avg. growth/yr (7Y)
+5.8%
Revenue +5.4%/yr
FY21 3.4T KRW
FY22 3.3T KRW
FY23 4.2T KRW
FY24 4.3T KRW
FY25 4.1T KRW
Net income −2.7%/yr
FY21 177B KRW
FY22 50.4B KRW
FY23 173B KRW
FY24 156B KRW
FY25 158B KRW

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Cite: Fair Value Calculator (2026). "IPARK Hyundai Development Company Fair Value". https://www.fairvalue-calculator.com/stock/294870

Peer Group

Engineering & Construction · 837 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 47 · Below median
Fair Value upside +85% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 2% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 12% · Top 25%
Revenue growth -26% · Bottom 25%
Dividend yield (TTM) 3.4% · Top 25%
Debt / equity 0.24× · Higher than median

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 100 · sector 16
FUTURE 0 · sector 18
PAST 19 · sector 26
HEALTH 88 · sector 94
DIVIDEND 67 · sector 33

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is IPARK Hyundai Development Company (294870) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 41,979 KRW versus a price of 22,650 KRW, about +85% (undervalued).
What is the fair value of 294870?
Our model-based fair value for IPARK Hyundai Development Company is 41,979 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 22,650 KRW.
What is the quality score of 294870?
IPARK Hyundai Development Company 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 revenue of IPARK Hyundai Development Company (294870)?
IPARK Hyundai Development Company reported trailing-twelve-month revenue of about 3.9T KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 294870?
The net profit margin of IPARK Hyundai Development Company is about 3.9%, meaning it keeps roughly 3.9% of revenue as net income. Based on the latest reported figures.
Does IPARK Hyundai Development Company pay a dividend?
IPARK Hyundai Development Company currently shows a dividend yield of about 3.51% relative to its recent price (as of Jul 24, 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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