Hana Technology Co. Ltd (299030) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Hana Technology Co. Ltd KRW 15,316, price KRW 15,570, upside -1.6%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Hana Technology Co., Ltd. engages in manufacturing and sales of secondary battery automation equipment in South Korea.
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Hana Technology Co., Ltd. engages in manufacturing and sales of secondary battery automation equipment in South Korea. It offers crimping machine, electrolyte filling machine, and cap laser welding machine; folding and inspection, NG detector, and micro current equipment; module and pack assembly; and pack/module cycler and discharger, as well as glass processing technology and equipment. The company was founded in 2000 and is headquartered in Yongin-Si, South Korea.
Stock analysis
Hana Technology Co. Ltd (299030) currently trades at 15,570 KRW, while our model-based Fair Value estimate is 15,316 KRW, so the stock looks roughly fairly valued today (gap 1.7%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of 16,160 KRW per share, and 5 of the 10 models we run sit above the 15,570 KRW price.
Bear case: the Multiples group reads lowest at 8,380 KRW, and 5 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: 12,083 KRW (bear) to 18,526 KRW (bull), the price of 15,570 KRW sits inside 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 48/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Hana Technology Co. Ltd reported revenue of 93.8B KRW in FY2025 versus 113B KRW in FY2021, a compound −4.5%/yr. Reported net income was −5.8B KRW in FY2025.
Key figures
Market cap 124B KRW (≈ $92.5M) · P/S ratio 1.64 · Net margin −6.2% · Return on equity 2.2% · Return on assets (EBIT) −2.7% · Operating margin −120% · Revenue (TTM) 75.8B KRW · Revenue growth (YoY) −69.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 56% below its 52-week high and 53% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −2%, 299030 screens cheaper than that median.
Fair Value models
Bear 12,083 KRWFair Value 15,316 KRWBull 18,526 KRW
Price 15,570 KRW · Upside -1.6%
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. 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.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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−0.4%
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.
−6.2%
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.
+1.3%
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.
+7.3%
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Profit margin (trend) ⓘ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.
−5.4% (2020) → 0.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+22.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +19.8% a year for the price.
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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.Specialty Industrial Machinery · 805 stocks
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Is Hana Technology Co. Ltd (299030) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 15,316 KRW versus a price of 15,570 KRW, about −2% upside (fairly valued).
What is the fair value of 299030?
Our model-based fair value for Hana Technology Co. Ltd is 15,316 KRW (as of Oct 2, 2026), built from audited fundamentals. The current price: 15,570 KRW.
What is the quality score of 299030?
Hana Technology Co. Ltd has a Quality Score of 48/100. 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 Hana Technology Co. Ltd (299030)?
Our model-based price target is the fair value of 15,316 KRW (as of Oct 2, 2026) from 10 valuation models. Cautious scenario 12,083 KRW, optimistic scenario 18,526 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hana Technology Co. Ltd stock forecast for 2026?
Our models put fair value at 15,316 KRW, about −2% upside versus a price of 15,570 KRW (fairly valued). Cautious scenario 12,083 KRW, optimistic scenario 18,526 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hana Technology Co. Ltd (299030)?
Hana Technology Co. Ltd reported trailing-twelve-month revenue of about 75.8B KRW (latest available figure, as of Oct 2, 2026).
What growth is priced into Hana Technology Co. Ltd (299030)?
For today's price to be fair in a discounted-cash-flow model, Hana Technology Co. Ltd would have to grow free cash flow by +22.3 % per year for five years (discount rate 13.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.3 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of 299030 use?
Our models discount Hana Technology Co. Ltd at 13.6 %: a base by market capitalisation (micro), damped by beta 1.14, 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 Hana Technology Co. Ltd that is +22.3 % per year a year over ten years, using the same discount rate (13.6 %) and the same formula as our fair value.
How much growth has Hana Technology Co. Ltd (299030) delivered so far?
Over the past 5 years revenue at Hana Technology Co. Ltd grew +1.3 % a year. The price currently implies +22.3 % 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 Hana Technology Co. Ltd (299030) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into Hana Technology Co. Ltd (+22.3 % 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 Hana Technology Co. Ltd (299030)?
The free-cash-flow yield on the price is 6.12 %: that much free cash flow Hana Technology Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hana Technology Co. Ltd (299030)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hana Technology Co. Ltd it is 15,316 KRW per share (as of Oct 2, 2026), against a price of 15,570 KRW. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Hana Technology Co. Ltd stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 299030 trades above its calculated fair value: price 15,570 KRW, fair value 15,316 KRW, a gap of about −2% (fairly valued). 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 299030?
No. The price is what the market pays today (15,570 KRW); the fair value is what the company's own numbers justify (15,316 KRW). For Hana Technology Co. Ltd the two are 253.69 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hana Technology Co. Ltd worth?
The market values Hana Technology Co. Ltd at about 124B KRW (market capitalisation, as of Oct 2, 2026). Per share that is 15,570 KRW; our models calculate a fair value of 15,316 KRW per share.
What do the bullish and bearish scenarios say about 299030?
Our models span a range for Hana Technology Co. Ltd: cautious scenario 12,083 KRW, base 15,316 KRW, optimistic 18,526 KRW per share (as of Oct 2, 2026, price 15,570 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hana Technology Co. Ltd (299030)?
Balance-sheet figures for Hana Technology Co. Ltd (as of Oct 2, 2026): return on equity 2.2%, debt of 0.21 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 299030 from its 52-week high?
Hana Technology Co. Ltd trades at 15,570 KRW, about 56% below its 52-week high of 35,500 KRW and 53% above the low of 10,160 KRW (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 15,316 KRW is for.
Which stocks are comparable to Hana Technology Co. Ltd?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, 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 Hana Technology Co. Ltd stock attractive at the current price?
The data as of Oct 2, 2026: price 15,570 KRW, calculated fair value 15,316 KRW (−2%), Quality Score 48/100, from 10 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 299030 calculated?
We run Hana Technology Co. Ltd through 10 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 15,316 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 15.0 % above its aggregate fair value. Hana Technology 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 Hana Technology Co. Ltd (299030)?
The closing price on Oct 2, 2026 was 15,570 KRW. Our model-based fair value is 15,316 KRW, about −2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hana Technology Co. Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Hana Technology Co. Ltd
How large is the market capitalisation of Hana Technology Co. Ltd (299030)?
The market capitalisation of Hana Technology Co. Ltd is 124B KRW (≈ $92.5M). 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 Hana Technology Co. Ltd (299030)?
The price-to-sales ratio of Hana Technology Co. Ltd is 1.64 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Hana Technology Co. Ltd (299030)?
The net margin of Hana Technology Co. Ltd is −6.2% (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 Hana Technology Co. Ltd (299030)?
The return on equity (ROE) of Hana Technology Co. Ltd is 2.2% (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 Hana Technology Co. Ltd (299030)?
On an EBIT basis the return on assets of Hana Technology Co. Ltd is −2.7% (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 Hana Technology Co. Ltd (299030)?
The operating margin of Hana Technology Co. Ltd is −120% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hana Technology Co. Ltd (299030)?
Revenue at Hana Technology Co. Ltd is growing −69.3% versus a year earlier (3y avg −6.2%). 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 Hana Technology Co. Ltd (299030)?
Earnings per share at Hana Technology Co. Ltd are growing −45.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hana Technology Co. Ltd (299030) carry?
The net debt of Hana Technology Co. Ltd is 59.9B KRW (fiscal year 2025, ≈ 7.9 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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