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Hanssak Co., Ltd. (430690) fair value: what the stock is really worth

As of Oct 6, 2026: fair value of Hanssak Co., Ltd. KRW 1,881, price KRW 3,360, upside -44.0%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · KR

HC Thin data Oct 4, 2026

Hanssak Co., Ltd.

430690 · KQ

Weakest SetupStrongly overvalued and low quality.

Low debt
Expensive Growth (revenue 3y +6.2 %/yr in KRW)
Fair value 1,881 KRW · Strongly overvalued (−44.0%)
Quality 38/100
Loss-making · -6.9% net margin (TTM)
Negative free cash flow
Trails peers (3/8)
Narrow moat 21/100
Thin data

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

14,325 KRW 1,794 KRW Fair Value 1,881 KRW Oct 2023 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.

How to read this chart

36‑month range 1,794 KRW – 14,325 KRW · fair‑value band 1,404 KRW – 2,807 KRW · the 3,360 KRW price screens above the 1,881 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.

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Company profile

Hanssak Co., Ltd. provides IT security solutions in South Korea.

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Hanssak Co., Ltd. provides IT security solutions in South Korea. It offers SecureGate, a network link solution that provides data link between servers in the separated network environment and the file transmission functions; PassGuard, a password management solution; OfficeGate, a security electronic fax solution; and Unibill, an integrated billing solution. The company was founded in 1992 and is based in Seoul, South Korea.

Stock analysis

Hanssak Co., Ltd. (430690) currently trades at 3,360 KRW, while our model-based Fair Value estimate is 1,881 KRW, 44.0% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 90/100, which puts the evidence level at low.

Scenario range: 1,404 KRW (bear) to 2,807 KRW (bull), the price of 3,360 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 38/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Hanssak Co., Ltd. reported revenue of 26.3B KRW in FY2025 versus 18.4B KRW in FY2021, a compound +9.3%/yr. Reported net income was −2.7B KRW in FY2025.

Key figures

Market cap 36.6B KRW (≈ $27.4M) · P/S ratio 1.21 · Net margin −10.2% · Return on equity −6.6% · Return on assets (EBIT) 5.0% · Operating margin 10.7% · Revenue (TTM) 27.9B KRW · Revenue growth (YoY) +44.2%.

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 48% below its 52-week high and 87% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −23% fair-value upside, at −44%, 430690 screens richer than that median.

Fair Value models

Bear 1,404 KRW Fair Value 1,881 KRW Bull 2,807 KRW
Price 3,360 KRW · Upside -44.0%
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.
Highest evidence
NCAV (Graham) 1,500 KRW 2,011 KRW 3,001 KRW 54
All 1 models by family
Asset-Based
NCAV (Graham) 1,500 KRW 2,011 KRW 3,001 KRW 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 38/100

Of which business quality 38 · Market factors (momentum, volatility) 35

Profitability 15
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 20/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+28.0%
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%
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.
19.9% (2021) → −7.4% (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

430690 screens overvalued: fair value 44% below the price. Compare with Microsoft Corporation →

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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.Software - Infrastructure · 357 stocks

Beats the industry median on 2/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 38 · Bottom 25%
Fair Value upside −44.0% · Below median
Profitability
Return on assets −1.6% · Below median
Net margin (TTM) −6.9% · Bottom 25%
Operating margin (TTM) 10.7% · Above median
Growth and dividend
Revenue growth 44.2% · Top 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 23
FUTURE (revenue growth)100 · sector 57
PAST (return on equity)0 · sector 21
HEALTH (low debt)100 · sector 98
DIVIDEND (yield)0 · sector 28

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $525.18 $577.70 +10%
Palantir Technologies Inc PLTR $189.40 $42.16 −78%
Oracle Corporation ORCL $142.48 $112.26 −21%
CrowdStrike Holdings CRWD $272.67 $37.31 −86%
Fortinet, Inc FTNT $180.95 $164.68 −9%
Synopsys, Inc SNPS $434.94 $249.20 −43%
CoreWeave, Inc CRWV $87.39 $58.32 −33%
Block, Inc XYZ $74.04 $76.95 +4%
NetApp, Inc NTAP $204.41 $157.26 −23%
Okta, Inc OKTA $211.49 $142.12 −33%

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Cite: Fair Value Calculator (2026). "Hanssak Co., Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/430690

Frequently asked questions

Is Hanssak Co., Ltd. (430690) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of 1,881 KRW versus a price of 3,360 KRW, about −44% upside (overvalued).
What is the fair value of 430690?
Our model-based fair value for Hanssak Co., Ltd. is 1,881 KRW (as of Oct 4, 2026), built from audited fundamentals. The current price: 3,360 KRW.
What is the quality score of 430690?
Hanssak Co., Ltd. has a Quality Score of 38/100. 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 Hanssak Co., Ltd. (430690)?
Our model-based price target is the fair value of 1,881 KRW (as of Oct 4, 2026) from 1 valuation models. Cautious scenario 1,404 KRW, optimistic scenario 2,807 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hanssak Co., Ltd. stock forecast for 2026?
Our models put fair value at 1,881 KRW, about −44% upside versus a price of 3,360 KRW (overvalued). Cautious scenario 1,404 KRW, optimistic scenario 2,807 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hanssak Co., Ltd. (430690)?
Hanssak Co., Ltd. reported trailing-twelve-month revenue of about 27.9B KRW (latest available figure, as of Oct 4, 2026).
What is the intrinsic value of Hanssak Co., Ltd. (430690)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hanssak Co., Ltd. it is 1,881 KRW per share (as of Oct 4, 2026), against a price of 3,360 KRW. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Hanssak Co., Ltd. stock overvalued or undervalued in 2026?
As of Oct 4, 2026, 430690 trades above its calculated fair value: price 3,360 KRW, fair value 1,881 KRW, a gap of about −44% (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 430690?
No. The price is what the market pays today (3,360 KRW); the fair value is what the company's own numbers justify (1,881 KRW). For Hanssak Co., Ltd. the two are 1,479 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hanssak Co., Ltd. worth?
The market values Hanssak Co., Ltd. at about 36.6B KRW (market capitalisation, as of Oct 4, 2026). Per share that is 3,360 KRW; our models calculate a fair value of 1,881 KRW per share.
What do the bullish and bearish scenarios say about 430690?
Our models span a range for Hanssak Co., Ltd.: cautious scenario 1,404 KRW, base 1,881 KRW, optimistic 2,807 KRW per share (as of Oct 4, 2026, price 3,360 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hanssak Co., Ltd. (430690)?
Balance-sheet figures for Hanssak Co., Ltd. (as of Oct 4, 2026): return on equity −6.6%. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is 430690 from its 52-week high?
Hanssak Co., Ltd. trades at 3,360 KRW, about 48% below its 52-week high of 6,470 KRW and 87% above the low of 1,794 KRW (as of Oct 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1,881 KRW is for.
Which stocks are comparable to Hanssak Co., Ltd.?
From the same area (Technology) we also value Microsoft Corporation, Palantir Technologies Inc, Oracle Corporation, CrowdStrike Holdings, 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 Hanssak Co., Ltd. stock attractive at the current price?
The data as of Oct 4, 2026: price 3,360 KRW, calculated fair value 1,881 KRW (−44%), Quality Score 38/100, from 1 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 430690 calculated?
We run Hanssak Co., Ltd. through 1 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 1,881 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 15.4 % above its aggregate fair value. Hanssak 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 Hanssak Co., Ltd. (430690)?
The closing price on Oct 6, 2026 was 3,360 KRW. Our model-based fair value is 1,881 KRW, about −44% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hanssak Co., Ltd. right now?
The price sits above even our optimistic bull case (2,807 KRW). The favourable scenario is already priced in. Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (1,404 KRW to 2,807 KRW) leaves room in how you read the outcome.

Key figures of Hanssak Co., Ltd.

How large is the market capitalisation of Hanssak Co., Ltd. (430690)?
The market capitalisation of Hanssak Co., Ltd. is 36.6B KRW (≈ $27.4M). 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 Hanssak Co., Ltd. (430690)?
The price-to-sales ratio of Hanssak Co., Ltd. is 1.21 (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 Hanssak Co., Ltd. (430690)?
The net margin of Hanssak Co., Ltd. is −10.2% (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 Hanssak Co., Ltd. (430690)?
The return on equity (ROE) of Hanssak Co., Ltd. is −6.6% (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 Hanssak Co., Ltd. (430690)?
On an EBIT basis the return on assets of Hanssak Co., Ltd. is 5.0% (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 Hanssak Co., Ltd. (430690)?
The operating margin of Hanssak Co., Ltd. is 10.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hanssak Co., Ltd. (430690)?
Revenue at Hanssak Co., Ltd. is growing +44.2% 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 much free cash flow does Hanssak Co., Ltd. (430690) generate?
The free cash flow of Hanssak Co., Ltd. is −9.4B 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 Hanssak Co., Ltd. (430690) carry?
The net debt of Hanssak Co., Ltd. is 4.5B 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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