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HB SOLUTION Co (297890) Fair Value & Analysis

Technology · KR · Market cap 116B KRW

HS HB SOLUTION Co 297890 · KQ
Price1,814 KRW
Fair Value2,148 KRW
Upside+18.4%
Quality46/100
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Expensive Growth
Highly profitable · 64.6% net margin
Low debt · negative free cash flow
1.80% dividend yield
Mixed vs. peers (4/9)
Moderate moat 47/100
Evidence: Medium Range 1,611 KRW – 2,685 KRW Share as image

Fair value as of: Jul 21, 2026

From 13 valuation models · updated 21 days ago

Share price +4.9% over the past month.

Below-average quality, screening 18% undervalued on our models.

What matters now

  • Our model range runs from 1,611 KRW (bear) to 2,685 KRW (bull), base 2,148 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 46/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

9,854 KRW 1,417 KRW Fair Value 2,148 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 1,417 KRW – 9,854 KRW · fair‑value band 1,611 KRW – 2,685 KRW · the 1,814 KRW price screens below the 2,148 KRW fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

HB SOLUTION Co (297890) currently trades at 1,814 KRW, while our model-based Fair Value estimate is 2,148 KRW, implying the stock looks roughly 18.4% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Technology 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, HB SOLUTION Co generated revenue of 57.4B KRW at a net margin of 64.6%. Revenue declined 27.0% year over year. It earns a return on equity of 15.4%. Fundamentals as of Jul 21, 2026

Our scenario range runs from 1,611 KRW (bear case) to 2,685 KRW (bull case); at 1,814 KRW, the current price sits within 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 40% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at 18%, 297890 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 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
Highest evidence
Residual Income 3,019 KRW 3,421 KRW 5,966 KRW 76
ROIC Compounder 725.88 KRW 773.59 KRW 815.33 KRW 72
Growth-Adj P/E 3,843 KRW 5,490 KRW 7,138 KRW 68
All 13 models by family
DCF Models
Owner Earnings 626.06 KRW 699.24 KRW 834.78 KRW 31
Earnings-Based
Graham-Dodd 2,463 KRW 3,010 KRW 3,386 KRW 54
EPV 725.88 KRW 773.59 KRW 815.33 KRW 59
Multiples
P/E Multiple 5,432 KRW 7,243 KRW 9,054 KRW 63
P/S Multiple 1,611 KRW 2,148 KRW 2,685 KRW 58
P/B Multiple 4,618 KRW 6,157 KRW 7,696 KRW 55
EV/EBIT 1,251 KRW 1,522 KRW 1,792 KRW 53
EV/EBITDA 1,259 KRW 1,533 KRW 1,806 KRW 54
EV/Revenue 986.63 KRW 1,221 KRW 1,455 KRW 43
Asset-Based
NCAV (Graham) 1,683 KRW 2,256 KRW 3,367 KRW 50
Economic Profit
Residual Income 3,019 KRW 3,421 KRW 5,966 KRW 76
ROIC Compounder 725.88 KRW 773.59 KRW 815.33 KRW 72
Growth Earnings
Growth-Adj P/E 3,843 KRW 5,490 KRW 7,138 KRW 68

Widest divergence: Growth Earnings (5,490 KRW) versus DCF Models (699.24 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 57.4B KRW
Revenue growth (YoY) -27.0%
Net margin 64.6%
Return on equity 15.4%
Free cash flow −7.9B KRW FY2025
Operating margin -7.7%
More key figures
Dividend yield 1.7%
EPS growth (YoY) -86.3%

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 49 · Market factors (momentum, volatility) 15

Profitability 45
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 29
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 12
Disciplined investing over empire-building
Low Volatility 24
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 62
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

HB SOLUTION Co., Ltd. manufactures and sells module process display manufacturing equipment and automation system for display industry in South Korea and internationally. The company offers inspection and measuring equipment; and mass production equipment. HB SOLUTION Co., Ltd. was formerly known as Korea Materials & Analysis Corp.

Full company description

HB SOLUTION Co., Ltd. manufactures and sells module process display manufacturing equipment and automation system for display industry in South Korea and internationally. The company offers inspection and measuring equipment; and mass production equipment. HB SOLUTION Co., Ltd. was formerly known as Korea Materials & Analysis Corp. and changed its name to HB SOLUTION Co., Ltd. in July 2021. The company was founded in 1996 and is based in Asan-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HB SOLUTION Co reported revenue of 62.8B KRW in FY2025 versus 46.8B KRW in FY2021, a compound +7.7%/yr. Reported net income was 26.5B KRW in FY2025, compounding +44.4%/yr from FY2021.

Growth Quality 56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
62.8B KRW
Latest YoY
−52.2%
Avg. growth/yr (3Y) 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.
−30.5%
Avg. growth/yr (5Y) 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.
+24.4%
Avg. growth/yr (7Y) 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.
+3.4%
Revenue +7.7%/yr
FY21 46.8B KRW
FY22 188B KRW
FY23 96.2B KRW
FY24 132B KRW
FY25 62.8B KRW
Net income +44.4%/yr
FY21 6.1B KRW
FY22 43.6B KRW
FY23 75.6B KRW
FY24 −20.8B KRW
FY25 26.5B KRW

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Cite: Fair Value Calculator (2026). "HB SOLUTION Co Fair Value". https://www.fairvalue-calculator.com/stock/297890

Peer Group

Scientific & Technical Instruments · 161 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 46 · Below median
Fair Value upside +18% · Top 25%
Return on equity (TTM) 15% · Top 25%
Return on assets -0% · Below median
Net margin (TTM) 65% · Top 25%
Operating margin (TTM) -8% · Bottom 25%
Revenue growth -27% · Bottom 25%
Dividend yield (TTM) 1.8% · Above median
Debt / equity 0.11× · 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 58 · sector 0
FUTURE 0 · sector 34
PAST 62 · sector 25
HEALTH 95 · sector 98
DIVIDEND 36 · sector 24

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 Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $315.90 $84.16 -73%
Garmin Ltd GRMN $241.76 $146.67 -39%
Teledyne Technologies Incorporated TDY $635.52 $367.58 -42%
Chroma ATE Inc 2360 1,905 TWD 286.15 TWD -85%
Hexagon AB HEXAB kr 80.10 kr 52.93 -34%
MKS Inc MKSI $324.69 $77.46 -76%
AVIC Chengdu Aircraft Company 302132 ¥52.91 ¥34.47 -35%
Fortive Corporation FTV $61.78 $33.84 -45%
Trimble Inc TRMB $52.72 $24.47 -54%
Cognex Corporation CGNX $64.07 $13.75 -79%

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Frequently asked questions

Is HB SOLUTION Co (297890) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 2,148 KRW versus a price of 1,814 KRW, about +18% (undervalued).
What is the fair value of 297890?
Our model-based fair value for HB SOLUTION Co is 2,148 KRW (as of Jul 21, 2026), built from audited fundamentals. The current price is 1,814 KRW.
What is the quality score of 297890?
HB SOLUTION Co has a Quality Score of 46/100. 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 HB SOLUTION Co (297890)?
HB SOLUTION Co reported trailing-twelve-month revenue of about 57.4B KRW (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 297890?
The net profit margin of HB SOLUTION Co is about 64.6%, meaning it keeps roughly 64.6% of revenue as net income. Based on the latest reported figures.
Does HB SOLUTION Co pay a dividend?
HB SOLUTION Co currently shows a dividend yield of about 1.72% relative to its recent price (as of Jul 21, 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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